Page 2 - Oil India

ONGC Videsh to invest $1 billion in offshore block held by Petrobras

Brazil's Petroleo Brasileiro SA (Petrobras) owns a 75 per cent stake in the block and the rest 25 per cent is held by OVL, it will raise its stake in the block

ONGC, Oil India to gain most from gas price hike; IGL worst hit: Analysts

Analysts at Antique stock Broking said every $1/mmbtu rise in gas prices is expected to lift ONGC, and Oil India's standalone Ebitda by 4 per cent, and 7 per cent, respectively

ONGC, Oil India gain up to 6% as govt increases gas prices; MGL falls 4%

The government has hiked prices of domestically produced natural gas for the October 2022-March 2023 period

Oil India sees 'healthy' profit in September qtr despite windfall tax

Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said

IGX answer to inflation: Trade gas on exchange to counter rising prices

Gas exchange's proposal also dovetails with plans by New Delhi to appoint a panel under Kirit Parikh to review India's gas pricing formulae

Stocks to Watch: Reliance, ONGC, Tata Steel, Oil India, Anupam Rasayan

ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India

Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone.

Oil India Q1 net profit triples to Rs 1,555 cr on oil, gas price boost

The earnings rose as the company got $112.72 per barrel price for crude oil it sold in the quarter as opposed to $67.15 a barrel rate realised in the same period last year

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Move to benefit RIL, ONGC and Oil India

How to trade RIL, ONGC, Oil India post cut in windall tax? Find out

While the underneath trend seems positive, Reliance, ONGC and Oil India need to sustain above the major support levels for further gains.

Windfall tax cut to normalise equity multiples of RIL, ONGC: Morgan Stanley

Centre, on Wednesday, eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed

Oil India, ONGC tank up to 33% in 1 week on windfall tax, fall in Brent oil

Oil India was down 8 per cent at Rs 176, while ONGC shed 6 per cent in traes on Wednesday.

PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

Brokerage firm Motilal Oswal reiterates its BUY rating with revised target prices of Rs 171 and Rs 364 for ONGC and Oil India, respectively.

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

Brent at $124/bbl: Oil India hits over 7-year high; zooms 114% in one year

Oil India is well placed to benefit from rising oil and gas prices and high gross refining margins, analysts said.

Oil India surges 5%, nears 52-week high in a weak market; ONGC up 2%

Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for is crude sales in July

Vedanta, ONGC, Oil India submit bids for discovered small field auctions

26 companies submit 106 bids in DSF - III for which the last date of submission was May 31

Oil India surges 15% in three days on strong March quarter results

Analysts remain bullish on prospects of the company due to increase in crude price realisation and improvement in domestic gas price realisation.