Oil Stocks Rise on Geopolitical Tensions, High Crude Prices

  Published 9 months ago

Oil India and ONGC shares rise on Middle East tensions, high crude prices, and JM Financial's 'buy' call.

  • OILI and ONGC gain 0.9% and 1.2% amid renewed Israel-Iran strikes and a Brent crude surge.
  • JM Financial maintains a 'buy' on OILI and ONGC, citing benefits from elevated oil prices.
  • ONGC leads the Nifty Energy Index, up 0.69%, with both stocks gaining ~6%-12% year to date.

You might like these

RBI Skips 14-Day Repo Amid Liquidity Review

RateGain Launches Real-Time Analytics for Hotel Distribution

India's Forex Reserves Drop $1.01 Billion in Week

Xinjiang Forced Labor Report Sparks Global Supply Chain Tensions

Alembic Pharma Q1 Profit Jumps 21%

Mortgage Rates Climb to 2024 High

RACL Geartech Enters Mass Motorcycle Market

News that matters the most ⚡