Robust Trading Volumes and Value Turnover
On the trading day, Oil India recorded a total traded volume of 97.53 lakh shares, translating into a substantial traded value of ₹500.42 crores. This high-value turnover places the stock among the top equity performers in terms of liquidity and market participation. The stock opened at ₹490.25 and surged to an intraday high of ₹524, marking a 7.18% rise from the opening price. The last traded price (LTP) stood at ₹517.55 as of 11:35 AM IST, reflecting a day gain of 6.33% compared to the previous close of ₹488.90.
Price Momentum and Moving Averages
Oil India’s price momentum remains strong, with the stock trading comfortably above its key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day. This technical positioning underscores a sustained uptrend, supported by consistent buying interest. The stock has recorded gains for two consecutive days, delivering a cumulative return of 6.97% over this period. Notably, the weighted average price indicates that a significant volume of shares changed hands closer to the day’s low price, suggesting strategic accumulation by investors at lower levels.
Sector and Market Comparison
In comparison to its sector, Oil India outperformed the Oil sector’s 1-day return of 1.81% by a wide margin, while the Sensex remained virtually flat with a marginal decline of 0.02%. This relative strength highlights the stock’s appeal amid a mixed market environment, driven by sector-specific catalysts and company fundamentals.
Institutional Interest and Delivery Volumes
Despite the strong price rally, delivery volumes on 3 February 2026 fell sharply by 77.18% to 15.09 lakh shares against the 5-day average delivery volume. This decline in delivery volume suggests that short-term traders and institutional participants may be engaging in intraday or speculative trades rather than long-term accumulation. However, the overall liquidity remains robust, with the stock capable of supporting trade sizes up to ₹9.82 crores based on 2% of the 5-day average traded value, making it attractive for large institutional orders.
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Mojo Score Upgrade and Market Capitalisation
MarketsMOJO recently upgraded Oil India’s Mojo Grade from Sell to Hold on 28 January 2026, reflecting an improved outlook based on fundamental and technical parameters. The stock currently holds a Mojo Score of 54.0, indicating moderate investment appeal. Its market capitalisation stands at ₹83,396 crores, categorising it as a mid-cap stock within the Oil industry and sector. The Market Cap Grade is rated 2, signalling a mid-tier valuation relative to peers.
Fundamental and Technical Outlook
Oil India’s recent price action and trading activity suggest a positive shift in investor sentiment. The stock’s ability to sustain above key moving averages and hit new 52-week highs points to strong technical momentum. However, the moderate Mojo Score and Hold rating imply that while the stock is no longer a sell, investors should remain cautious and monitor upcoming earnings and sector developments closely.
Liquidity and Trading Dynamics
The stock’s liquidity profile supports sizeable trades without significant price impact, an important consideration for institutional investors. The high traded value and volume indicate active participation from both retail and institutional players, although the drop in delivery volumes hints at a preference for short-term trading strategies in the immediate term. This dynamic could lead to increased volatility, necessitating careful risk management for investors.
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Outlook and Investor Considerations
Looking ahead, Oil India’s performance will likely hinge on broader oil sector trends, crude price movements, and company-specific operational metrics. The recent upgrade in Mojo Grade and strong price momentum provide a constructive backdrop, but investors should weigh these positives against the stock’s moderate fundamental scores and potential volatility from fluctuating delivery volumes.
Institutional investors may find the stock’s liquidity and trading volumes conducive for portfolio allocation, especially given its mid-cap status and improving technical indicators. However, a cautious approach is advisable until clearer signals emerge from upcoming quarterly results and sector developments.
Summary
Oil India Ltd. has demonstrated significant trading interest and price strength, supported by high-value turnover and institutional activity. The stock’s recent upgrade to a Hold rating by MarketsMOJO and its position above key moving averages underscore a positive technical outlook. While delivery volumes have declined, overall liquidity remains robust, making it a viable option for investors seeking exposure to the oil sector’s mid-cap segment. Careful monitoring of fundamental developments and market conditions will be essential for informed investment decisions.
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