In the past one month, the BSE Oil & Gas index has outperformed the market by gaining 2.2 per cent, as against 2.2 per cent decline in the BSE Sensex.
Aakash Shah, technical analyst at Choice Equity Broking expects ONGC, Oil India and BPCL to gain up to 10 per cent from here based on the strong chart patterns.
At 11:21 AM on Wednesday; the BSE Oil & Gas index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.16 per cent decline in the BSE Sensex.
ONGC in an exchange filing said that the rise in the company's share price was attributable to the increase in the world crude oil prices.
Oil India hit a 52-week high at ₹492, as the stock rallied 10 per cent, while ONGC surged 7 per cent to ₹266.05 on the BSE in intra-day trade on Wednesday.
Chandan Taparia of Motilal Oswal suggests buying HClTech, SAIL and Oil India; check all details here
Share price of Oil India hit an eight-month high of ₹467.30, gaining 4 per cent on the BSE in Wednesday's intra-day deals.
Kunal Kamble, sr. technical research analyst at Bonanza, has recommended buying shares of Oil India, Equitas Small Finance Bank, and Dredging Corporation of India today
According to Vinay Rajani of HDFC Securities, the stock price of Oil India is trading above all key moving averages, indicating an uptrend across all time frames
Nifty outlook: Nifty has to cross and hold above 25,800 for strength to rebuild towards 25,900, then 26,000 marks, while support can be seen at 25,600 then 25,500 zones
HDFC Securities maintained its 'Buy' rating on Oil India, supported by expectations of 9 per cent CAGR in gas production and 4 per cent CAGR in oil production over FY25-27E
OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.
Oil India Ltd, the nation's second biggest state-owned explorer, has roped in French energy giant TotalEnergies to provide technical assistance in finding oil and natural gas reserves in deep and ultra-deepwater areas. "OIL and TotalEnergies inked a technology service agreement on November 19, 2025 in New Delhi to strengthen strategic collaboration for exploration activities in deep and ultra-deepwater offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the government of India," OIL said in a statement on Wednesday. The agreement puts in place a framework to leverage TotalEnergies' expertise in deep and ultra-deepwater exploration value chain across OIL's current and future offshore portfolio. It includes the ongoing appraisal programme of gas find in the shallow offshore blocks in Andaman basin as well as exploration in OIL's ultradeep water blocks in Mahanadi and Krishna Godavari Basins. It also covers evaluation of opportunities under
The state-owned firm's standalone profit, which excludes earnings from joint ventures and overseas operations, fell to 10.44 billion rupees ($118.8 million)
In the past one week, PSU index has outperformed the market by gaining 1.5 per cent, as against 0.4 per cent decline in the BSE Sensex.
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Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts
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