InvestorQ : What has been the reason for the outperformance of Oil India in this year?
Angel dcosta made post

What has been the reason for the outperformance of Oil India in this year?

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Juvina Maggie answered.
3 months ago
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Oil India has rallied 76% since January 2021. While higher crude prices are a reason, Oil India gained from positive outlook on liquidity and debt. It used Rs.780 crore earned from the sale of stake in Numaligarh Refinery to cut its debt. Oil India sits on a debt of Rs.19,700 crore with Rs.4,300 crore maturing this year. The best part is that OIL has seen net realizations more than double to $69/bbl in last 1 year.

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