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Hardeep Singh Puri, minister of Petroleum and Natural Gas in India, said E&P offers investment opportunities worth $100 billion by 2030.
Charts suggest that shares of oil exploration companies can rally over 16 per cent from present levels.
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
Blackbuck Energy Investments, a holding entity of Antelopus, has also launched an open offer to buy as much as 26 per cent stake from public shareholders of the company
The stock moved higher by 16% to Rs 201 on BSE on Thursday after the board approved buyback of equity shares at a price not exceeding Rs 300 per share.
The stock rallied 11% to Rs 278, also its 52-week high on the NSE after Dolly Khanna bought 104,250 equity shares representing 0.64% stake in Selan Exploration through bulk deal.