Espresso Shot of the Day - Oil India Ltd up by 9.61 percent

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Espresso Shot of the Day - Oil India Ltd up by 9.61 percent

March 02, 2022
Espresso Shot of the Day - Oil India Ltd up by 9.61 percent

OIL INDIA LTD 244.55  (+9.61%) BSE – INE274J01014 | 2ND MARCH 2022


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 Feb 15, 2022, the Company reported Net Sales of Rs.3, 736.70 crores in December 2021, up 75.76% from Rs.2, 126.01 crores in December 2020.
  • On Feb 15, 2022, the company reported a Quarterly Net Profit of Rs.1, 244.90 crores in December 2021, up 37.76% from Rs.903.69 crore in December 2020.
  • On Feb 14, 2022, the company declared an interim Dividend of Rs.5.75/-Per share.
  • On Jan 16, 2022, Oil India Ltd (OIL) exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million.
  • On Jan 4, 2022, Oil India transferred 1,85,57,748 equity shares of subsidiary - Numaligarh Refinery in favour of the of Assam on 03 January 2022 at a consideration of Rs.217.75 per share
  • On Dec 27, 2021, the company announced in a public statement that it has set up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam.
(Sources:,  Business standard, Moneycontrol, BSE, Business Today)


Technical Force*

  • S&P BSE 200 month till date gain up by -4.35%
  • 3 months avg. NSE volume: 15,35,699
  • Quantity traded: 3, 54,971 | Deliverable quantity: 1, 57,359 (44.33%)
  • Stock price has jumped more than 120% from a one-year-low level: 112.00 (Apr 12, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 267.70 | 52-week-low: 112.00.


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

     -


Today’s Close

244.60

SMA

BSE

10 DAY

226.77

20 DAY

228.02

50 DAY

216.26

200 DAY

193.04


Some Key Ratios (Source: BSE)

Market Cap:  26,519.13 Crores

PE: 854

OPM%: 59.83

ROE%: 10.95

Promoters holding%: 56.66

Prev. Close: 223.10

*Chart and Technical Force data from the Binge desktop app
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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.