{"id":242062,"date":"2026-09-10T16:50:56","date_gmt":"2026-09-10T11:20:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=242062"},"modified":"2026-09-10T16:50:56","modified_gmt":"2026-09-10T11:20:56","slug":"oil-exploration-stock-rises-160-percent-in-3-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oil-exploration-stock-rises-160-percent-in-3-years\/","title":{"rendered":"This Oil Exploration Stock Rises 160% in 3 Years: Crude, Output and a Refinery Bet Pay Off"},"content":{"rendered":"

CMP approximately Rs 500.30 (10 Sep 2026). 3-year return 159.52%. 52W range Rs 390 to Rs 531. Market cap Rs 81,168 Cr. Q1 FY27 consolidated PAT Rs 4,027 Cr vs Rs 2,047 Cr.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Oil India, a state-owned crude and gas producer, is the oil exploration stock behind a return of approximately 160% in three years on a bonus-adjusted basis. The rally was driven first by production targets and windfall tax cuts in 2024, and then by crude near USD 100, record output and a strong Numaligarh Refinery in 2026. At a PE near 8.5 the valuation is moderate, but earnings remain tied to crude prices.<\/p>\n<\/div>\n

This oil exploration stock has turned Rs 1 lakh into roughly Rs 2.6 lakh in three years. A 3-year return of 159.52% placed it 27th in a screen of 101 large-cap and mid-cap NSE shares, as of 10 September 2026.<\/p>\n

The company is Oil India Ltd<\/a> (NSE: OIL), the second-largest state-owned upstream producer in India and the parent of Numaligarh Refinery. The Oil India share price closed near Rs 500.30 on Thursday, up about 0.27% from the previous close of Rs 498.95, after touching an intraday high of Rs 514.45. That gives the company a market value of approximately Rs 81,168 crore.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

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