Oil India hits over 3-yr high amid soaring crude prices; up 38% in 1 month

Separately, the stock of ONGC was up 2% at Rs 144.90 today and was trading at its highest level since November 2109

Shares of Oil India hit an over three-year high of Rs 240, up 3 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise weak market. The stock has surged 10 per cent in the past two trading days amid bullish momentum in global natural gas prices. In comparison, the S&P BSE Sensex was down 0.65 per cent at 59,281 points at 10:02 am.

The stock of the state-owned exploration & production (E&P) company was trading at its highest level since May 2018. In the past one month, it has outperformed the market by soaring 38 per cent