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.
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.
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
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
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
OIL's oil and gas production was 13-14% lower than guidance in FY25, and recovery did not come in the first six months (H1) of FY26
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)
Q2FY26 company results: Firms including Exide Industries, MRF, Siemens, Glenmark Pharma, and Inox Wind are also to release their July-September earnings reports today
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The Indian state-run explorer, along with Indian Oil Corp and Bharat PetroResources, holds a 23.9% participating interest in JSC Vankorneft and a 29.9% stake in Tass Yuryakh Neftegazodobycha
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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Oil India shares rose over 3 per cent after it discovered natural gas at its Vijayapuram-2 exploratory well in the Andaman Shallow Offshore Block
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Oil India has reported the first natural gas occurrence from its Andaman offshore blocks at exploratory well Vijayapuram-2, marking a step forward in India's hydrocarbon exploration
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State-run oil explorers ONGC and Oil India Ltd are planning to begin a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said. In the first phase, four wells will be drilled in deepsea of Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins. Global energy giant BP will provide technical expertise in identifying the locations as well as drilling, officials said. Stratigraphic drilling - also known as a stratigraphic test well - is a type of exploratory drilling aimed at studying underground geological formations rather than producing oil or gas. These wells are drilled to gather data on subsurface layers through continuous coring, petrophysical logging, and seismic data integration. The objective is to build a detailed geological profile to support future hydrocarbon exploration, without any immediate intent to extract resources. This will he