For the last 5 months approximately, Max Financial Services is making lower highs and lower lows structure. Recently it has started changing its structure by making higher highs and higher lows, and also it broke 12 months old trendline.

HPCL formed long bullish candle on the daily charts with strong volumes, making higher high higher low formation. The stock has seen a decisive breakout of horizontal resistance trend line adjoining September 13 and December 12, 2022.

Oil India, incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 22712.87 Crore) operating in Gas & Petroleum sector.

In addition to the absolute relief of $2/mmbtu in FY24 (vs Oct 2022 price), the pricing direction announced for the next few years (i.e., escalation of $0.5/mmbtu annually), provides the much-needed visibility and clarity on priority sector gas costs for CGDs, believe experts.

The draft recommendation will be discussed by members of the committee and finalized on November 29.

Analysts at JPMorgan feel good days are coming for OMCs that have suffered from high crude oil prices and the government’s effort to keep fuel prices low.

Oil India Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Income From Transportation Services, Other Operating Revenue, Renewable Energy System and Condensate for the year ending 31-Mar-2022.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 21910.41 Crore) operating in Gas & Petroleum sector.

Motilal Oswal is bullish on Oil India recommended buy rating on the stock with a target price of Rs 244 in its research report dated November 11, 2022.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 21427.85 Crore) operating in Gas & Petroleum sector.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 20272.96 Crore) operating in Gas & Petroleum sector.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 19812.08 Crore) operating in Gas & Petroleum sector.

The momentum was also because prices of natural gas were hiked by a steep 40 percent to record levels, in step with global firming up of energy rates

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 20327.18 Crore) operating in Gas & Petroleum sector.

The government had in 2014 used prices in gas surplus countries to arrive at a formula for locally produced gas. The rates according to this formula were subdued and at times lower than the cost of production till March 2022 but rose sharply thereafter, reflecting the surge in global rates in the aftermath of Russia's invasion of Ukraine. The prices, which are payable to producers like Reliance Industries as well as state-owned Oil and Natural Gas Corporation (ONGC) are due for revision on October 1 and are expected to go up further.

The Chakma Development Foundation of India (CDFI) filed a complaint on January 20, 2022 against attempted eviction of the Chakmas and Deoris by the State government in connivance with the Oil India Ltd Company without paying fair compensation under the provisions of the Land Acquisition, Rehabilitation and Resettlement Act, 2013 by claiming the lands as forest with the aim to not pay fair compensation and rehabilitation as requires under the LARR Act.

The government has raised the windfall profit tax on the export of diesel to Rs 13.5 a litre and the levy on ATF has been increased to Rs 9 a litre

As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others, are functioning without a full-time head.

The US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd amounting to $ 143 million for five land based oil drilling rigs at a per unit price of $28 million per rig. MEIL already has a $860 million order from ONGC in addition to orders for ancillary equipment, spares and components.

Motilal Oswal is bullish on Oil India recommended buy rating on the stock with a target price of Rs 228 in its research report dated August 10, 2022.

Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back.

The earnings rose as the company got USD 112.72 per barrel price for crude oil it sold in the quarter as opposed to USD 67.15 a barrel rate realised in the same period last year. Gas price realisation more than doubled to USD 6.1 per million British thermal unit from USD 1.79.

A significant correction in global crude oil prices and subsequent correction in gross refining margin (GRM) resulted in erosion of gains being made by these companies and prompted the government to ease the levies.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 20310.91 Crore) operating in Gas & Petroleum sector.

Oil and Natural Gas Corporation (ONGC) won three blocks in the OALP-VII round while Oil India Ltd (OIL) won two, according to information posted by the DGH. GAIL walked away with one block in Rajasthan while Sun Petrochemicals Pvt Ltd won the remaining two blocks.

Net Sales are expected to increase by 88.2 percent Y-o-Y (up 26.3 percent Q-o-Q) to Rs. 5,657.9 crore, according to Prabhudas Lilladher.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 22317.06 Crore) operating in Gas & Petroleum sector.

The taxes, and some accompanying export curbs, will hit the earnings of companies such as Reliance Industries, Nayara Energy, which is partly owned by Russia's Rosneft , the Oil and Natural Gas Corp, Oil India Ltd and Vedanta Ltd.

The tax on crude oil producers like Oil and Natural Gas Corporation (ONGC), Oil India Ltd and Vedanta Ltd alone will fetch the government Rs 69,000 crore annually considering 29.7 million tonnes of oil production in 2021-22 fiscal (April 2021 to March 2022), two sources with knowledge of the calculations said.

The tax on crude oil producers like Oil and Natural Gas Corporation (ONGC), Oil India Ltd and Vedanta Ltd alone will fetch the government Rs 69,000 crore annually considering 29.7 million tonnes of oil production in 2021-22 fiscal (April 2021 to March 2022), two sources with knowledge of the calculations said.