Bengaluru, April 16 -- The shares of the Oil & Gas stock specializing in exploration, development, and production of crude oil & natural gas, transportation of crude oil, and production of LPG are in focus upon winning oil and gas exploration blocks bid under OALP Round IX.

Price action

With a market capitalization of Rs. 59,907.96 crores on Wednesday, the shares of Oil IndiaLimited jumped upto 2.3 percent, making a high of Rs. 374.85 per share compared to its previous closing price of Rs. 366.40 per share.

What Happened

Oil India Limited (OIL), a major government-owned energy company, has successfully secured all 9 oil and gas blocks it bid for under the OALP Round IX, increasing its exploration area by 85 percent from 60,000 sq.km t...