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Why Oil India shares are rising: Record profit, analysts bullish
Shares of Oil India Ltd were trading sharply higher on Monday morning, rising ₹11.85 or 2.68% to ₹454.65, after the state-owned explorer posted its highest-ever standalone quarterly profit on Friday.
TL;DRAI
Oil India reported standalone profit after tax of ₹2,870 crore in Q1 FY27, up 2.5x year-on-year, with crude output rising 11% to 0.950 MMT and subsidiary Numaligarh Refinery posting 167% PAT growth. Stock trades at 6.9x FY28 earnings against crude price assumptions of $55-60/bbl versus current $99/bbl, positioning as a potential 15-20% EPS compounder over three to five years.
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