Oil & Gas shares in focus; Oil India hits 52-week high, ONGC up 3%
Shares of oil and gas companies were in focus as Oil India hit a 52-week high while Oil and Natural Gas Corporation (ONGC) was up 3 per cent on a healthy outlook.
On Thursday, the market price of Oil India rose to Rs 198.70 as the stock rallied 5 per cent on the BSE. In the past one month, the stock has jumped 15 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex. Meanwhile, ONGC was up 3.5 per cent at Rs 123.10, trading close to its 52-week high level of Rs 128.45 touched on June 15, 2021. In comparison, the S&P BSE Sensex was down 0.12 per cent at 58,180 points at 10:09 am.
