Ahead of the company’s June quarter results later in the day, shares of state-run Oil India Ltd. are up more than 8% on Wednesday.
The stock is currently trading near the ₹653 all-time high it reached on July 31 of this year.
The company’s production estimates for the remainder of the year are one of the most important things to follow in the management commentary post earnings.
The company’s efforts to increase capacity at the Numaligarh refinery will be the subject of another update to monitor. Any potential boost in output at the company’s Baghjan field will also be closely monitored.
As of 2:07 pm, Oil India shares were trading 8.03% higher at Rs 617.15 on the NSE.
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