As many as 71 out of the Nifty 500 stocks have surged more than 10 per cent in the first-half of July 2024 so far; here are the key levels to watch on 5 buzzing stocks of the current month.
In the past one month, the stock price of OIL has appreciated by 36 per cent, while, thus far in the calendar year 2024, the stock has zoomed 141 per cent.
Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P). The stock of Oil India jumped 7.55 per cent while Hindustan Oil Exploration Company zoomed 6.42 per cent on the BSE. Shares of Selan Exploration Technology climbed 4.27 per cent and ONGC went up by 2.26 per cent. Oil India and ONGC also hit record-high levels in intra-day trade. Oil Minister Hardeep Singh Puri on Thursday called for stepping up the oil and gas hunt to cut India's reliance on imports and make available fuel in an affordable and sustainable way. Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth. "E&P offers investment opportunities worth USD 100 billion by 2030," he said. Stating that India's exploration and production .
Hardeep Singh Puri, minister of Petroleum and Natural Gas in India, said E&P offers investment opportunities worth $100 billion by 2030.
ONGC stock hit an over nine-year high at Rs 303, and was trading close to its record high of Rs 314.67 touched on June 9, 2014.
The board of Oil India has fixed Tuesday, July 2, 2024 as record date to determine the eligibility of shareholders to receive bonus shares in the ratio of 1:2.
State-owned NBCC (India) Limited has bagged a Rs 100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities at Guwahati in Assam. In a statement on Wednesday, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with advanced laboratory facilities at Guwahati in Assam. "This work is valued at Rs 100 crore approximately," it added. The MoU was signed by SalomaYomdo, ED (E&D), OIL and Pradeep Sharma, ED (Engg.), NBCC in the presence of Ranjit Rath, CMD, OIL, K P Mahadevaswamy, CMD, NBCC, Saleem Ahmad, Director (Projects), NBCC and other senior-level officials from both the organisation. NBCC and OIL are also in the final stages of discussion for undertaking various other works, such as the execution of a hospital, group housing, guest house, installation of solar rooftop panels etc. in Assam. "The anticipated value of these works is Rs 900 crore ...
Analysts at Emkay maintain positive view on B2B oil & gas, as reforms wrt the USD75/bbl assured post windfall tax oil realization and the USD6.5/mmbtu gas realization are unlikely to change.
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
The upside in production volumes coupled to reasonable valuations are two reasons why most analysts are bullish on the stock
Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines
The Oil India board has recommended an issue of bonus shares in a 1:2 ratio, subject to the approval of shareholders
Q4 FY24 company results: IRFC, Bharat Electronics, India Cements, City Union Bank, and VRL Logistics will are poised to release the financial report for the fourth quarter on May 20
From the all-time high of 22,794, Nifty has witnessed a correction of more than 550 points in the span of three trading sessions
Experts believe any escalation in the Iran-Israel conflict may lead to a rise in crude oil prices.
The PSU has delivered steady results in the October- December quarter (Q3) of FY24 and it is looking at ramping up production in both oil and gas
Within in PSU space Bernstein prefers ONGC, Coal India, IOC, Bank of Baroda, GAIL, BPCL, Canara Bank, HPCL, Oil India and MRPL.
In the past eight trading days, Oil India has surged 31% after the company achieved a commendable 5.68 per cent increase in crude oil production, reaching 2.511 million metric tonnes in Q3FY24
Oil India's earnings growth over the next 3-5 years is likely to be aided by expansion of Numaligarh Refinery Limited (NRL).
Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.