Oil PSUs' Share Prices Rise: A Closer Look

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.

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On 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.

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Moreover, HPCL also saw a 140 per cent growth in share price in the past year.

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