PSU Oil & Gas Stocks Rally on BSE: Oil India Surges 6.77%, HPCL, BPCL, IOC, and ONGC Follow Upward Trend

Shares of public sector undertaking (PSU) oil and gas companies, spanning both upstream and downstream segments, witnessed a strong rally during Wednesday's intra-day trade on the Bombay Stock Exchange (BSE), with several stocks rising as much as 5 percent. The broad-based uptick signals growing investor confidence in the energy sector amid favourable market sentiment and stabilising crude oil dynamics.

Oil and Gas PSU Stocks Today: Share Price of Oil India, HPCL, BPCL, IOC and ONGC

Among the top performers, Oil India, an upstream PSU, led the gains with a 5 per cent surge to Rs 460.65. Downstream majors also saw significant traction-Hindustan Petroleum Corporation Ltd (HPCL) climbed 4 per cent to Rs 420.30, while Bharat Petroleum Corporation Ltd (BPCL) advanced 4 per cent to Rs 331.70. Indian Oil Corporation (IOC) rose 3 per cent to Rs 146.70, and upstream giant Oil and Natural Gas Corporation (ONGC) gained 1.7 per cent, trading at Rs 248.70. The rally across PSU oil and gas counters underscores renewed optimism in the sector's medium-term prospects.

Oil India Share Price Today: Should You Buy This PSU Stock? Get 21 Analysts Ratings

Shares of state-owned Oil India Ltd. were trading higher on Wednesday, June 11, following the initiation of coverage by brokerage firm Avendus Spark on the upstream oil exploration company.

NSE: OIL: As of 1:03 PM on June 11, shares of Oil India Ltd were trading at Rs 467.00, up Rs 29.60 or 6.77% for the day. The stock opened at Rs 444.75, hit an intraday high of Rs 468.00, and touched a low of Rs 442.55. The stock is currently trading well below its 52-week high of Rs 767.90, but has recovered significantly from its 52-week low of Rs 325.00.

Avendus Spark has initiated coverage on Oil India Ltd. with a "buy" rating and set a price target of Rs 630, indicating a potential upside of 41% from the stock's closing price on Tuesday.

This target ranks as the fifth-highest among brokerages covering Oil India, trailing only Investec, Ambit Capital, Prabhudas Lilladher, and Anand Rathi, all of which have issued more bullish projections.

In its coverage note, Avendus Spark highlighted that Oil India's earnings could surge by up to 80% over the next three years, driven entirely by volume growth. The brokerage emphasized that this earnings momentum is not dependent on pricing tailwinds but instead on operational expansion and higher output.

The note further stated that the recent decline in oil prices, which led to a pullback in Oil India's stock, offers a compelling buying opportunity for investors looking to enter at lower levels.

Among the 21 analysts currently covering Oil India, 17 have issued a "buy" rating, while two each recommend "hold" and "sell", reflecting a broadly positive sentiment toward the stock in the analyst community.

HPCL Share Price Today: Hindustan Petroleum Corporation Ltd Stock Movement

As of 12:59 PM on June 11, shares of Hindustan Petroleum Corporation Ltd (NSE: HINDPETRO) were trading at Rs 418.20, up Rs 13.10 or 3.23% for the day. The stock opened at Rs 406.65, reached an intra-day high of Rs 423.00, and touched a low of Rs 406.05 during the session. The upward movement reflects positive sentiment in PSU oil and gas counters and follows a broader rally across the sector.

HPCL is currently trading not far from its 52-week high of Rs 457.15, indicating sustained investor interest and resilience in performance. The stock has rebounded strongly from its 52-week low of Rs 287.55, showing considerable appreciation over the past year.

HPCL Dividend Payout

In addition to capital gains, Hindustan Petroleum continues to reward shareholders through dividends. The company has announced a quarterly dividend of Rs 2.62, underlining its commitment to generating consistent returns and value for long-term investors.

BPCL Share Price Today

As of 1:07 PM on June 11, Bharat Petroleum Corporation Ltd (BPCL) shares were trading at Rs 333.60, up Rs 13.50 or 4.22% for the day. The stock opened at Rs 320.30, climbed to an intra-day high of Rs 334.00, and recorded a low of Rs 320.30 during the session. This strong performance is part of a broader rally in PSU oil and gas stocks.

BPCL is trading below its 52-week high of Rs 376.00, but has bounced back significantly from its 52-week low of Rs 234.01

Indian Oil Corporation Share Price Today: IOC Stock Movement

As of 1:12 PM today, shares of Indian Oil Corporation Ltd were trading at Rs 146.09, up by Rs 3.90, representing a 2.74% increase.

ONGC Share Price Today

As of 1:13 PM on June 11, shares of Oil and Natural Gas Corporation Ltd (NSE: ONGC) were trading at Rs 248.90, up by Rs 4.22, reflecting a gain of 1.72% for the day. The stock exhibited steady intraday growth, supported by positive sentiment across the PSU oil and gas sector.