Adani Ports, Coal India, Hindalco Q1 Results, Opposition to move No Confidence Motion against PM Modi govt in Top News on August 8: Castrol India, PowerGrid Corp ex dividend stocks, share markets and Nifty outlook, Oppo A58 4G launch also in focus.
Oil India Limited (OIL), a Navratna Company, is the second-largest national oil and gas company in India and a state-owned firm of the Indian Government.
The state-run PSU s acquisition of a controlling stake in Numaligarh Refinery (NRL) and the hope of an increase in oil production have resulted in a revision in its earning estimates, say analysts, some of whom see the stock almost doubling.
Oil India shares opened with a gain of 2.55% today at Rs 124.90 against the last close of Rs 121.80. Later, the stock touched an intraday high of Rs 126.8, rising 4.11% on BSE