Home / Markets / News / Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023

Oil India hits new high after a 9-year hiatus; rallies 63% so far in 2023

In the last one year, the stock has outperformed the market by zooming 80 per cent, as compared to the 12.3 per cent rise in the S&P BSE Sensex.

Premium

4 min read Last Updated : Oct 18 2023 | 10:04 AM IST

Listen to This Article

Shares of Oil India hit a record high of Rs 339.45, as they gained 2 per cent on the BSE in Wednesday's intra-day trade on improved business outlook. In the past one week, the stock has rallied 8 per cent, as compared to 0.3 per cent decline in the S&P BSE Sensex.

The stock of state-owned oil exploration & production company hit a new high after a gap of over nine years. It surpassed its previous high of Rs 334.98 (adjusted to bonus issues) touched on September 9, 2014.

OIL India on Monday informed the stock exchanges that the board

Topics : Buzzing stocks OIL India Market trends Oil producers stock market rally

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in