$OIL.NSE has outperformed $ONGC.NSE driven by the inching Crude prices and hitting Multi Year highs !Both, Upstream PSU’s are involved in Exploration, Development and Production of Oil and Gas from Indian & foreign nominated Blocks. Oil India has been a pick of investor between the two, reason being it has reported a stellar earning in March 2022 Q4 FY around 1630 Cr wherein PAT increased by 92% and Turnover raised to74 % too. OIL India is targeting 5 mmscmd of Gas in Assam vs 1.6 mmscmd currently. They have also increased their acreage by 13%Now, 1$ a barrel increase in Brent would result in a 2-4% of EPS change of OIL India and every 10% hike in Domestic Gas prices leads of 2-5% hike which is comparatively better than ONGC.Also, ROE is outperforming 5 year averageü Also, the better cash flow, average dividend yield and a better PE ratio is an add-on for the investors.
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Oil India doubled investor money in a year while its big sister ONGC’s wells indicate a dry future – Business Insider India
