Oil Stocks Rise on Geopolitical Tensions, High Crude Prices

  Published 11 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.

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