Oil India Ltd. Hits Intraday High with 5.02% Surge on 29 Jan 2026

Intraday Trading Highlights

On 29 Jan 2026, Oil India Ltd. recorded an intraday high of Rs 519.8, representing a gain of 5.97% during the trading session. The stock closed with a day change of 5.02%, significantly outperforming the Sensex, which declined by 0.61% to 81,846.33 points. This marks the third consecutive day of gains for Oil India Ltd., with a cumulative return of 17.94% over this period.

The stock’s performance today also outpaced the Oil sector by 4.74%, reflecting strong buying interest and momentum. Oil India Ltd. traded above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained upward momentum in the short to long term.

Comparative Market Context

While Oil India Ltd. surged, the broader market indices showed mixed trends. The Sensex opened flat but declined steadily, closing lower by 522.63 points (-0.61%). Several indices, including NIFTY CPSE, NIFTY METAL, and S&P Bse PSU, reached new 52-week highs on the same day, indicating sector-specific strength within the market.

Despite the Sensex trading below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting a longer-term positive trend for the benchmark index. Oil India Ltd.’s outperformance against this backdrop highlights its relative strength within the oil sector and the broader market.

Performance Metrics and Historical Returns

Oil India Ltd.’s recent performance has been notably strong across multiple time frames. The stock’s one-day gain of 4.90% contrasts with the Sensex’s decline of 0.63%. Over the past week, Oil India Ltd. has delivered a return of 17.89%, while the Sensex fell by 0.59%. The one-month and three-month returns stand at 26.64% and 22.26%, respectively, compared to Sensex declines of 3.39% and 3.73% over the same periods.

Longer-term returns also underscore the stock’s resilience and growth trajectory. Over one year, Oil India Ltd. has appreciated by 26.22%, outperforming the Sensex’s 6.91% gain. Year-to-date, the stock has risen 21.21%, while the Sensex has declined by 3.99%. Over three, five, and ten years, Oil India Ltd. has delivered cumulative returns of 226.13%, 600.15%, and 341.84%, respectively, substantially exceeding the Sensex’s corresponding returns of 37.91%, 76.78%, and 229.00%.

Mojo Score and Market Capitalisation Grade

According to MarketsMOJO’s assessment, Oil India Ltd. holds a Mojo Score of 54.0, categorised as a Hold grade. This represents an upgrade from a previous Sell rating dated 28 Jan 2026. The company’s market capitalisation grade is rated 2, reflecting its mid-cap status within the oil sector.

The upgrade in Mojo Grade indicates an improvement in the company’s fundamental and technical parameters, aligning with the recent positive price action and trading momentum.

Trading Dynamics and Moving Averages

Oil India Ltd.’s trading above all major moving averages signals a strong technical setup. The stock’s position above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages suggests broad-based buying interest and a positive trend across short, medium, and long-term horizons.

This technical strength is particularly notable given the broader market’s subdued performance, with the Sensex trading below its 50-day moving average. The stock’s ability to maintain gains and reach new highs amid a declining benchmark index highlights its relative strength within the oil sector.

Sector and Market Environment

The oil sector, represented by indices such as NIFTY CPSE and S&P Bse PSU, has shown resilience with several indices hitting new 52-week highs on the day. Oil India Ltd.’s performance aligns with this sectoral strength, contributing to its outperformance relative to the broader market.

Despite the Sensex’s negative close, the sectoral indices’ positive momentum reflects underlying demand and favourable conditions within the oil and public sector undertakings segments.

Summary of Key Intraday Data

On 29 Jan 2026, Oil India Ltd.:

• Hit a new 52-week high of Rs 519.8, up 5.97% intraday


• Closed with a day change of 5.02%


• Outperformed the Oil sector by 4.74%


• Maintained gains for three consecutive days, with a 17.94% return over this period


• Traded above all key moving averages (5, 20, 50, 100, 200 days)

The stock’s strong intraday surge and sustained momentum reflect a positive trading environment for Oil India Ltd. amid a mixed market backdrop.

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