Oil India Ltd. Hits New 52-Week High, Reaching Rs 491.65

Stock Performance and Recent Gains

The stock of Oil India Ltd. (Stock ID: 166782) demonstrated robust performance on 28 Jan 2026, closing just 0.37% shy of its 52-week peak at Rs 491.65. During the trading session, the stock achieved an intraday high of Rs 490, representing a 9.23% increase from its previous close. This rally contributed to an 8.40% gain on the day, significantly outperforming the Oil Exploration and Refineries sector, which rose by 2.26%.

Over the last two consecutive trading days, Oil India Ltd. has delivered a cumulative return of 12.29%, underscoring sustained buying interest and positive price momentum. The stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong upward trend across multiple timeframes.

Sector and Market Context

The broader market environment also supported Oil India Ltd.’s gains. The Sensex index, after a flat opening, climbed 339.18 points to close at 82,231.54, a 0.46% increase. Although the Sensex remains 4.78% below its own 52-week high of 86,159.02, mega-cap stocks led the market rally, providing a favourable backdrop for sectoral leaders like Oil India Ltd.

Within the oil sector, the stock’s outperformance by 7.27% relative to its peers highlights its relative strength. The sector’s overall gain of 2.26% on the day was modest compared to Oil India Ltd.’s sharp advance, reflecting company-specific factors driving the rally.

One-Year Performance and Valuation Metrics

Over the past year, Oil India Ltd. has delivered a total return of 22.60%, substantially outperforming the Sensex’s 8.34% gain during the same period. This outperformance reflects the company’s resilience and favourable positioning within the oil industry.

The stock’s 52-week low stands at Rs 322.15, indicating a significant recovery and upward trajectory over the last twelve months. Despite the recent surge, the company’s Market Cap Grade remains at 2, suggesting a mid-cap valuation relative to its peers.

It is noteworthy that the company’s Mojo Score currently stands at 41.0, with a Mojo Grade of Sell, downgraded from Hold on 22 Jan 2026. This rating reflects a cautious stance based on a comprehensive assessment of financial and market factors, despite the recent price appreciation.

Technical Indicators and Momentum

The stock’s position above all major moving averages signals robust technical momentum. The 5-day and 20-day moving averages have been trending upwards, supporting the recent price gains. The 50-day, 100-day, and 200-day averages also confirm a sustained positive trend, which is often interpreted as a bullish indicator by market participants.

Such technical strength is complemented by the stock’s ability to outperform its sector and the broader market on the day, suggesting that the rally is supported by both fundamental and technical factors.

Market Sentiment and Broader Implications

While the Sensex remains below its 50-day moving average, the 50-day average itself is positioned above the 200-day average, indicating a longer-term positive market trend. This environment has helped mega-cap stocks lead the market higher, indirectly benefiting Oil India Ltd. as a key player in the oil sector.

The company’s stock price nearing its 52-week high is a significant milestone, reflecting investor confidence in its current valuation and operational standing. The steady gains over recent sessions highlight a period of sustained strength rather than a short-lived spike.

Summary of Key Data Points

To summarise, Oil India Ltd.’s stock has demonstrated the following key metrics as of 28 Jan 2026:

• Intraday high of Rs 490, closing near 52-week high of Rs 491.65


• Day gain of 8.40%, outperforming sector by 7.27%


• Consecutive two-day gain of 12.29%


• Trading above all major moving averages (5, 20, 50, 100, 200 days)


• One-year return of 22.60%, versus Sensex’s 8.34%


• Mojo Score of 41.0 with a Sell grade, downgraded from Hold on 22 Jan 2026


• Market Cap Grade of 2, indicating mid-cap status

These figures collectively illustrate a stock that has gained significant ground over the past year and is currently exhibiting strong momentum within the oil sector.

Conclusion

Oil India Ltd.’s achievement of a new 52-week high at Rs 491.65 marks a noteworthy milestone in its stock price journey. Supported by strong technical indicators, sectoral outperformance, and a favourable market environment, the stock’s recent rally reflects a period of sustained strength. While the company’s Mojo Grade remains cautious, the price action underscores the stock’s resilience and ability to outperform broader benchmarks over the past year.

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