Oil & gas shares fire up: BPCL, Indian Oil, ONGC hit 52-week highs

Shares of state-owned upstream and downstream companies were in focus as Oil and Natural Gas Corporation (ONGC), Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOC) hit their respective 52-week highs in Wednesday’s intra-day trade.

Individually, shares of ONGC hit a 52-week high of Rs 167.65, up 1 per cent, and surpassed its previous high of Rs 167.25, which it had touched on June 9, 2022, whereas shares of BPCL (Rs 371.20), and IOC (Rs 84.64) gained up to 1 per cent in Wednesday’s intra-day trade.

At 2:00 pm; the S&P BSE Oil & Gas index, the top gainer among sectoral indices, was up 0.42 per cent, as against 0.09 per cent rise in the S&P BSE Sensex.