![Oil PSUs' Share Prices Rise: A Closer Look](https://www.psuconnect.in/sdsdsd/oil_psus_share_prices_rise_a_closer_look.jpg)
New Delhi: Seeing today's market, the surge in Oil PSUs' share prices can lead to several factors that have very positively impacted the market sentiment and investor confidence.
Oil India Limited, a Central Public Sector Undertaking (PSU), saw its share prices gain today after experiencing a five-day downtrend. While the short-term fluctuations are notable, it's important to remember that the stock has climbed a significant 50% in the past month.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYOn the other hand ONGC (Oil and Natural Gas Corporation share prices have risen 76% in a year. As the share prices scaled a 52-week high AT 281.15.
However according to multiple sources, OIL is going to look forward to resuming its operations in the block Area 95/96 in Libya, also both the companies [ONGC, OIL] to robust their growth by upstreaming the production.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsMoreover, HPCL also saw a 140 per cent growth in share price in the past year.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh