Oil India shares up over 7% as oil stocks hog limelight; ONGC rises 2.2%

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Oil India shares up over 7% as oil stocks hog limelight; ONGC rises 2.2% - Business Standard

Quick Summary:

Shares of oil exploration & production firms were in the limelight on Thursday, where Oil India climbed over 7 per cent, amid hopes of more focus on domestic exploration and production (E&P).

Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth.

The stock of Oil India jumped 7.55 per cent while Hindustan Oil Exploration Company zoomed 6.42 per cent on the BSE.