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Oil exploration shares gain; ONGC hits 52-week high

Oil Country Tubular, GOL Offshore, Jindal Drilling, Aban Offshore and Hindustan Oil Exploration were up 5% to 15% on the BSE.

SI Reporter  |  Mumbai 

Shares of companies engaged in oil exploration & production related business have rallied by up to 15% on the BSE in intra-day trade as oil prices surge 10% after the Organization of the Petroleum Exporting Countries (OPEC) agrees to cut output for first time since 2008. Oil Country Tubular, GOL Offshore, Jindal Drilling & Industries, Global Offshore Services, Hindustan Oil Exploration, Aban Offshore, Selan Exploration Technology and Dolphin Offshore Enterprises (India) were up 5% to 15% on the BSE. Oil & Natural Gas Corporation (ONGC) hit a 52-week high of Rs 299, up 3.5% in ...

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