Oil India rises after natural gas discovery in Andaman offshore block

Oil India

29/09/2025 06:29

** Shares of Oil India Ltd OILI.NS rise as much as 3.1% to 410.25 rupees

** Crude oil and natural gas producer reports occurrence of natural gas in Andaman shallow offshore block

** Adds, preliminary analysis has confirmed presence of natural gas

** More than 1.4 mln shares traded as of 10:52 a.m. IST, nearly their 30-day moving avg of over 1.8 mln shares

** Average rating on stock by 19 analysts is "buy"; median PT is 517.5 rupees - data compiled by LSEG

** OILI last up 1.9% vs 1% gain in Nifty energy index .NIFTYENR

** YTD, OILI down 4.8% vs 0.02% advance in subindex

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))