Espresso Shot of the Day - Oil India Limited up by 11.06 percent

EspressoLogy

Espresso Shot of the Day - Oil India Limited up by 11.06 percent

June 06, 2022
Espresso Shot of the Day - Oil India Limited up by 11.06 percent

OIL INDIA LTD 278.55  (+11.06%) BSE – INE274J01014 | 06TH JUNE 2022

https://www.myespresso.com/images/Binge-graph-image_-OIL-INDIA-LTD-202206061848266319063.jpg

Oil India Limited (OIL) is a fully integrated Exploration & Production company in the upstream sector, with origin dating back to the glorious year (1889) of oil discovery in India. A Navratna Company, OIL is a state-owned enterprise of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas and is the second largest national oil and gas company in India. The story of OIL traces and symbolizes the growth and development of the Indian petroleum Industry. From the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated National Exploration and Production company with footprints across the entire E&P value chain, OIL has come a long way. The company is India’s second largest National E&P Company. Oil India Private Limited was incorporated on 18th February 1959, to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Northeastern region of India. In 1961, it became a joint venture company of the Government of India and Burmah Oil Company Limited, UK. In 1981, OIL became a wholly owned Government of India enterprise.


Recent Drivers

  • On May 27, 2022, the company has reported Net Sales at Rs.4, 478.61 crore in March 2022 up 73.62% from Rs.2, 579.50 crore in March 2021.
  • On May 27, 2022, the company has reported Quarterly Net Profit at Rs.1, 630.01 crore in March 2022 up 92.32% from Rs.847.56 crore in March 2021.
  • On May 27, 2022, the company has Recommended a final Dividend of Rs.5 /- per share
  • On Apr 20, 2022, the company has inducted Dr. Manas Kumar Sharma as Director (Exploration & Development)
  • On Mar 17, 2022, the company has entered into a joint venture with Assam Gas Company (AGCL) and for the three geographical areas offered by Petroleum and Natural Gas Regulatory Board under 11th Round of City Gas Distribulion bidding.
 (Sources: BSE, Moneycontrol, Business Standard)


Technical Force*

  • S&P BSE 200 month till date gain up by -0.50%
  • Traded on 52 Week high value 284.40
  • Spurt in Volume by more than 6.13 times compare to previous vol. 3 months avg. volume: 140,754
  • Quantity traded: 6, 66,911 | Deliverable quantity: 1, 19,644 (17.94%)
  • Stock price has jumped by more than 100% from a one-year low level: 139.50 (Jun 10, 2021)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 284.40 | 52-week-low: 139.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

434.87

351.28

274.97

191.38

115.07

31.48

-

    -

Fibonacci Pivot

351.28

290.20

252.47

228.16

191.38

154.61

130.30

92.57

 31.48


Today’s Close

278.55

SMA

BSE

10 DAY

239.04

20 DAY

234.22

50 DAY

233.92

200 DAY

218.97


Some Key Ratios (Source: BSE)

Market Cap: 30,206.11 Crores

PE: 7.77

OPM%: 54.77

ROE%: 13.01

Promoters holding%: 56.66

Prev. Close: 250.80


The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Private Ltd. is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.