Stock Performance and Market Context
On 1 Feb 2026, Oil India Ltd. touched an intraday high of Rs.522.3, representing a 2.46% increase on the day and outperforming its sector by 0.45%. This new peak surpasses the previous 52-week high, underscoring the stock’s robust upward trajectory. The day’s trading saw the stock close with a positive change of 0.98%, further cementing its strength in the current market environment.
The stock is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bullish momentum. This technical positioning indicates that the stock has maintained consistent buying interest over various time frames, supporting its recent gains.
Comparative Performance Over One Year
Over the past 12 months, Oil India Ltd. has delivered a total return of 23.26%, significantly outpacing the broader Sensex index, which has risen by 7.51% during the same period. This outperformance highlights the company’s relative strength within the oil sector and the broader market. The stock’s 52-week low was Rs.322.15, illustrating a substantial appreciation of nearly 62% from its lowest point in the last year.
Sector and Market Dynamics
The oil sector, to which Oil India Ltd. belongs, has been a key contributor to market gains recently. The Sensex opened 119.19 points higher on the day, trading at 82,538.76, a 0.33% increase. Although the Sensex remains 4.39% below its own 52-week high of 86,159.02, mega-cap stocks are leading the market rally, providing a supportive backdrop for Oil India Ltd.’s share price appreciation.
While the Sensex is currently trading below its 50-day moving average, the 50-day average itself remains above the 200-day moving average, indicating an overall positive medium-term trend for the benchmark. This environment has likely contributed to the favourable sentiment surrounding Oil India Ltd.
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Mojo Score and Rating Update
Oil India Ltd. currently holds a Mojo Score of 61.0, reflecting a moderate outlook with a Mojo Grade of Hold. This represents an upgrade from its previous Sell rating, which was revised on 28 Jan 2026. The market capitalisation grade stands at 2, indicating the company’s mid-tier positioning within its sector and market cap peer group.
The upgrade in rating aligns with the stock’s recent price strength and improved technical indicators, signalling a more favourable assessment of its current market standing.
Price Momentum and Technical Indicators
The stock’s ability to sustain levels above all major moving averages is a key technical factor supporting its new 52-week high. The 5-day and 20-day moving averages have shown consistent upward slopes, confirming short-term momentum, while the 50-day, 100-day, and 200-day averages provide a solid foundation for longer-term strength.
Such alignment across multiple time frames is often interpreted as a sign of healthy price action, reducing the likelihood of immediate reversals and supporting continued investor confidence in the stock’s trajectory.
Historical Price Range and Volatility
From its 52-week low of Rs.322.15 to the new high of Rs.522.3, Oil India Ltd. has experienced a price range of over Rs.200, reflecting notable volatility and opportunity for capital appreciation. This range underscores the stock’s capacity to respond to sectoral trends and broader market movements, with recent gains driven by positive market sentiment and sectoral tailwinds.
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Summary of Key Metrics
To summarise, Oil India Ltd.’s stock has demonstrated strong performance with a 23.26% gain over the last year, significantly outpacing the Sensex benchmark. The recent surge to Rs.522.3 marks a new 52-week high, supported by positive technical indicators and a favourable market environment. The upgrade in Mojo Grade from Sell to Hold further reflects improved market sentiment and company positioning.
With the stock trading above all major moving averages and outperforming its sector on the day, Oil India Ltd. has established a solid foundation for its current valuation levels.
Market Capitalisation and Sector Positioning
Operating within the oil industry and sector, Oil India Ltd. holds a mid-tier market capitalisation grade of 2. This positioning reflects its status as a significant player in the oil sector, contributing to the broader energy market dynamics. The company’s performance relative to the Sensex and sector peers highlights its capacity to generate shareholder value amid fluctuating commodity prices and market conditions.
Conclusion
The attainment of a new 52-week high at Rs.522.3 is a noteworthy milestone for Oil India Ltd., underscoring the stock’s resilience and positive momentum in a competitive sector. Supported by strong technicals, an improved Mojo rating, and a market environment led by mega-cap gains, the stock’s recent performance reflects a combination of favourable factors driving its upward trajectory.
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