Oil India Share Price Today: Stock gains after quarterly results

In early trade, shares of OIL opened on a strong note at Rs 190 on BSE, then gained more ground to touch Rs 194.65, registering a jump of 3.56 percent over its previous close. The stock finally settled at Rs 190.40 apiece, higher by 1.30 percent, on BSE.
Oil India Share Price Today: Stock gains after quarterly results
Oil India has reported a tripling of its net profit in the June quarter on record oil and gas price realisation. Pic: https://www.oil-india.com/

Shares of Oil India Ltd on Friday gained over 1 percent after the nation's second-largest state explorer reported strong June quarter results.

In early trade, shares of OIL opened on a strong note at Rs 190 on BSE, then gained more ground to touch Rs 194.65, registering a jump of 3.56 percent over its previous close.

The stock finally settled at Rs 190.40 apiece, higher by 1.30 percent, on BSE.

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On the NSE, it rose 1.17 percent to settle at Rs 190.15 apiece.

The 30-share BSE Sensex benchmark climbed 130.18 points or 0.22 percent at 59,462.78 on Friday.

Oil India has reported a tripling of its net profit in the June quarter on record oil and gas price realisation.

Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June period compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back, the company said in a statement on Thursday.