Espresso shot of the day – Oil India Ltd up by 6.37 percent

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Espresso shot of the day – Oil India Ltd up by 6.37 percent

September 28, 2021
Espresso shot of the day – Oil India Ltd up by 6.37 percent

OIL INDIA LTD 233.10 (+6.37 %) BSE – INE274J01014 | 28TH SEPTEMBER 2021


The story of Oil India Limited (OIL) traces and symbolises the development and growth 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 upstream petroleum company, OIL has come far, crossing many milestones. On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK. In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

Recent Drivers

  • On Sept 2, 2021, Oil India Limited transferred 3,61,15,840 equity shares of Numaligarh Refinery Limited ("NRL") in favour of Government of Assam, at a consideration of Rs. 217.75 per share.
  • On Aug 31, 2021, Payment of Final Dividend 2020-21 at Rs.1.50 per share on the equity shares if approved at the AGM, will be paid/ dispatched on or before 25th October, 2021 to those Members whose names appear on the Company's Register of Members and as per beneficial owners' position. received from NSDL & CDSL
  • On Aug 17, 2021, Oil India Limited reported net sales at Rs 3,006.99 crore in June 2021 up 72.43% from Rs. 1,743.92 crore in June 2020.
  • On Aug 17, 2021, Oil India Limited reported quarterly net profit at Rs. 507.94 crore in June 2021 up 304.31% from Rs. 248.61 crore in June 2020.
  • On July 6, 2021, Oil India Limited donated 500 Oxygen concentrators to Govt. of Assam.
(Sources: Moneycontrol, BSEIndia, Oil India)


Technical Force*

  • S&P BSE 200 month till date gain up by 3.58%
  • Traded on new 52 week high value 234.85
  • 3 months avg. volume BSE: 1,12,960
  • Quantity traded: 2,78,332| Deliverable quantity: 75,166 (27.01%)
  • Stock price has jumped more than 180% from one-year low level: 83.10 (Nov 3, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 234.85 | 52-week-low: 83.10

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

249.93

204.87

156.13

111.07

62.33

17.27

-

    -

Fibonacci Pivot

204.87

169.04

146.90

132.64

111.07

89.49

75.24

53.10

17.27


Today’s Close

233.10

SMA

BSE

10 DAY

212.14

20 DAY

198.73

50 DAY

178.62

200 DAY

140.17


Some Key Ratios (Source: BSE)

Market Cap: 25,277.49 crores

PE: 10.12

OPM%: 43.13

ROE%: 9.53

Promoters holding%: 56.66

Prev. Close: 219.15

*Chart And Technical Force data taken 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.