Oil India is currently trading at RS 416.50, gaining 4.55 points (1.10%) from its previous close of RS 411.95 on the BSE.

The stock opened at RS 410.25 and recorded a high of RS 421.35 and a low of RS 410.25. A total of 2,000 shares have been traded so far.

The BSE Group 'A' stock, with a face value of RS 10, reached its 52-week high of RS 767.30 on August 30, 2024, and a 52-week low of RS 296.08 on February 13, 2024. Over the past week, the stock's high and low stood at RS 436.80 and RS 395.05, respectively. The company's market capitalization is currently RS 67,008.11 crore.

In terms of shareholding, promoters hold 56.66%, while institutions and non-institutions own 36.54% and 6.80%, respectively.

Meanwhile, Oil India (OIL) has signed a Memorandum of Understanding (MoU) with Petrobras, Brazil’s state-controlled oil major, to collaborate on hydrocarbon exploration and production in India’s offshore regions. This strategic partnership aims to strengthen bilateral energy cooperation between India and Brazil.

Under this agreement, OIL and Petrobras will jointly explore deep and ultra-deep offshore regions, including the Mahanadi, Andaman, and other sedimentary basins. This move aligns with India's Hydrocarbon Exploration and Licensing Policy (HELP) and Open Acreage Licensing Policy (OALP) to accelerate hydrocarbon exploration.

Oil India, a Navratna company, is Asia’s oldest and largest pioneer in oil exploration and production.