New Delhi, June 9 -- The Indian oil and gas sector is likely to see strong growth through the fiscal year 2026 and 2027, despite significant volatility faced by the oil and gas market last month, said a research note by Systematix Institutional Equities.

India's oil & gas sector covered companies are likely to deliver average sales, EBITDA, and PAT growth of 6 per cent, 12.9 per cent, and 13.3 per cent year-on-year for FY26E, and 7.8 per cent, 9 per cent, and 10.1 per cent year-on-year for FY27E, respectively. Systematix suggests that top investment picks include Reliance Industries Ltd (RIL), GAIL India Ltd (GAIL), Mahanagar Gas Ltd (MGL), and Gulf Oil Lubricants India Ltd (GOLI).

According to the research, the market suffered from sig...