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Oil stocks trade mixed even as Centre scraps windfall gains tax on diesel, petrol exports; Oil India falls over 2%

Oil stocks trade mixed even as Centre scraps windfall gains tax on diesel, petrol exports; Oil India falls over 2%

Mon, Dec 02, 2024

Oil stocks traded mixed as the ministry decided to do away with the windfall gains tax on the fuel exports.

Morgan Stanley Upgrades Oil India: Highest Target Among Brokerages

Morgan Stanley Upgrades Oil India: Highest Target Among Brokerages

Fri, Jul 12, 2024

Morgan Stanley upgrades Oil India.. highest target among all brokerages. Why is Morgan Stanley bullish on Oil India? Know the complete news from Kushal Gupta

PSU multibagger OMC surges to 52-week high; ONGC also rises as government increases windfall gains tax on crude

PSU multibagger OMC surges to 52-week high; ONGC also rises as government increases windfall gains tax on crude

Tue, Jul 02, 2024

PSU Stocks: The government has hiked windfall tax on domestically produced crude oil to Rs 6,000 per tonne, from Rs 3,250 per tonne, with effect from Tuesday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at 'nil'.

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Oil India announces dividend alongwith Q4FY24 results, check details

Oil India announces dividend alongwith Q4FY24 results, check details

Mon, May 20, 2024

The final dividend would be paid within 30 days from the date of declaration at the AGM. The final dividend is in addition to the interim dividend of Rs 3.50/- (pre-bonus) and the second interim dividend of Rs 8.50/- (pre-bonus) paid for the financial year 2023-24. The record date for payment of the final dividend will be fixed and intimated in due course.

Oil India Q4 earnings: Net profit rises 18%; announces 1:2 bonus share

Oil India Q4 earnings: Net profit rises 18%; announces 1:2 bonus share

Mon, May 20, 2024

The consolidated net profit of Rs 2,332.94 crore in January-March -- the fourth quarter of the 2023-24 fiscal year -- compared with Rs 1,979.74 crore earning in the same period of the previous financial year, according to a stock exchange filing by the nation's second biggest state-owned oil and gas producer.

Zomato, Oil India, IGL: How these stocks are trading after HSBC and Morgan Stanley raise targets

Zomato, Oil India, IGL: How these stocks are trading after HSBC and Morgan Stanley raise targets

Tue, Mar 12, 2024

In its report, HSBC wrote that Zomato's advertising revenue will remain the cornerstone of the quickcommerce (Blinkit) business in the long term. In its report, writing about the gas sector, Morgan Stanley said that the gas market oversupply would reach multi-decade highs in the upcoming years.

Buy this Maharatna PSU Stock for 3-6 months, gave 60% returns; know expert view

Buy this Maharatna PSU Stock for 3-6 months, gave 60% returns; know expert view

Sun, Jan 21, 2024

Maharatna PSU Stock to BUY: Experts have advised to buy shares of Maharatna company Oil India for the next 3-6 months. It has given returns of 60 per cent in the last six months. Know target and stoploss details.

Adani Total Gas, ONGC, GAIL in focus as markets celebrate Govt's revised natural gas pricing formula

Adani Total Gas, ONGC, GAIL in focus as markets celebrate Govt's revised natural gas pricing formula

Mon, Apr 10, 2023

Shares of Mahanagar Gas Ltd (MGL), Petronet LNG, Gujarat Gas, Oil India, Oil and Natural Gas Corp (ONGC) and GAIL (India) rose on Monday as Dalal Street turned bullish on gas distribution companies.

Oil India shares zoom 8.5% on robust December quarter results; analysts see up to 23% upside

Oil India shares zoom 8.5% on robust December quarter results; analysts see up to 23% upside

Mon, Feb 13, 2023

Oil India share price: The company's net profit of Rs 1,746.10 crore in October-December of FY23 as compared with Rs 1,244.90 crore in the same period a year ago.

ONGC, Oil India share price: Why CLSA believes both these stocks may surge up to 50% — know details

ONGC, Oil India share price: Why CLSA believes both these stocks may surge up to 50% — know details

Mon, Sep 19, 2022

ONGC, Oil India share price: On the back of multiple triggers, global brokerage house CLSA believes that the oil exploration and production companies Oil and Natural Gas Corporation (ONGC) and Oil India shares have a potential to grow around 40-50 per cent with both the stocks being a top Buy fro

Oil stocks in focus: HPCL, BPCL, ONGC, others gain after govt cuts windfall tax on domestic crude

Oil stocks in focus: HPCL, BPCL, ONGC, others gain after govt cuts windfall tax on domestic crude

Mon, Sep 19, 2022

Oil and gas stocks in focus Oil and gas stocks rose in a weak market on Monday after the government slashed windfall tax on domestic crude oil and exports of Aviation Turbine Fuel (ATF).

Oil India Share Price Today: Stock gains after quarterly results

Oil India Share Price Today: Stock gains after quarterly results

Fri, Aug 12, 2022

In early trade, shares of OIL opened on a strong note at Rs 190 on BSE, then gained more ground to touch Rs 194.65, registering a jump of 3.56 percent over its previous close. The stock finally settled at Rs 190.40 apiece, higher by 1.30 percent, on BSE.

Hike in Gas Price: ONGC, Oil India, Indraprastha Gas to benefit most, GAIL likely to be worst hit; brokerages see up to 160% upside

Hike in Gas Price: ONGC, Oil India, Indraprastha Gas to benefit most, GAIL likely to be worst hit; brokerages see up to 160% upside

Fri, Apr 01, 2022

Brokerages are bullish on shares of natural gas producers after the government on March 31 (Thursday) doubled the administered gas price used to produce electricity, make fertilisers, turn into CNG and piped to household kitchens for cooking.

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