Intraday Trading Highlights
On the day, Oil India Ltd. outperformed its sector peers by 4.43%, registering a day change of 6.47%. The stock’s intraday high of ₹520.7 represents a significant move, especially considering the broader market context where the Sensex opened lower at 83,252.06, down 487.07 points (-0.58%), and was trading marginally down by 0.09% at 83,661.98 during the session. This divergence highlights Oil India’s relative strength within the oil sector and the wider market.
Oil India’s price action today also extended its recent positive trend, marking the second consecutive day of gains. Over these two sessions, the stock has appreciated by 7.54%, reflecting sustained buying interest and positive trading momentum. The stock’s performance over multiple time frames further emphasises its resilience, with returns of 6.28% over the past week and a notable 21.52% over the last month, significantly outperforming the Sensex’s respective 1.60% and -2.45% returns.
Technical Positioning and Moving Averages
From a technical perspective, Oil India Ltd. is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment suggests a strong upward trend and confirms the stock’s bullish momentum in the short to medium term. The proximity to its 52-week high further reinforces the strength of the current rally.
In contrast, the Sensex remains below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed technical picture for the broader market. Oil India’s ability to buck the general market trend and maintain gains above critical technical levels is a noteworthy development for traders and analysts monitoring sectoral performance.
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Relative Performance Across Time Horizons
Oil India Ltd.’s performance over longer periods continues to impress. The stock has delivered a 3-month return of 20.83%, significantly outpacing the Sensex’s modest 0.24% gain. Over the past year, Oil India has surged 28.67%, compared to the Sensex’s 6.46%. Year-to-date, the stock has risen 22.80%, while the Sensex has declined by 1.83%. These figures highlight the stock’s consistent outperformance relative to the benchmark index.
Looking further back, Oil India Ltd. has recorded a remarkable 3-year return of 264.83%, dwarfing the Sensex’s 37.51% gain. Over five years, the stock’s appreciation of 568.51% far exceeds the Sensex’s 65.29%, and even on a 10-year horizon, Oil India’s 362.03% return outstrips the Sensex’s 243.74%. This long-term outperformance underscores the stock’s strong fundamental and technical positioning within the oil sector.
Mojo Score and Rating Update
MarketsMOJO assigns Oil India Ltd. a Mojo Score of 54.0, categorising it with a Hold grade. This represents an upgrade from a previous Sell rating, which was revised on 28 Jan 2026. The Market Cap Grade stands at 2, reflecting the company’s mid-cap status within the oil industry. The upgrade in rating aligns with the recent positive price action and improved technical indicators, signalling a stabilisation in the stock’s outlook.
Sector and Market Context
Oil India Ltd. operates within the oil sector, which has seen mixed performance amid fluctuating global energy prices and market volatility. Despite the Sensex’s subdued trading and a 2.98% gap from its own 52-week high of 86,159.02, Oil India’s strong intraday gains and technical strength highlight its relative outperformance within the sector and the broader market.
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Summary of Trading Action
Oil India Ltd.’s intraday high of ₹520.7 on 4 Feb 2026 represents a 6.55% gain, with the stock closing near this peak and outperforming both its sector and the broader market. The stock’s sustained gains over recent sessions, combined with its position above all key moving averages, indicate strong technical momentum. This performance is particularly notable given the Sensex’s weaker showing on the same day.
The company’s Mojo Score upgrade to Hold from Sell, effective 28 Jan 2026, reflects an improved assessment of its market standing and technical indicators. The stock’s proximity to its 52-week high and consistent outperformance across multiple time frames further reinforce its current strength.
Overall, Oil India Ltd.’s trading activity on 4 Feb 2026 highlights a robust intraday rally supported by positive momentum and technical factors, distinguishing it within the oil sector and the broader market environment.
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