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The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
Oil India shares surged 6% on November 6 after reporting a staggering 464% year-on-year increase in net profit, reaching Rs 2,069 crore, despite an 8% decline in revenue to Rs 8,136 crore. Over the past year, the stock has soared 153%, significantly outperforming the Nifty's 23% rise. Sequentially, net profit rose 25% from the previous quarter, while revenue dipped slightly by 1.6%.
Oil India Limited reported a significant increase in consolidated net profit for Q2 FY2024-25, rising to Rs 2,069 crore from Rs 640 crore year-on-year, while remaining flat sequentially from Rs 2,016 crore in the previous quarter. However, revenue from operations fell nearly eight percent to Rs 8,136 crore compared to Rs 8,816 crore last year. EBITDA surged to Rs 3,038.82 crore, up from Rs 835.02 crore in the same quarter last year.
Bharat Petroleum Corporation (BPCL) is set to enter a joint venture with Oil India to develop a city gas distribution project in Arunachal Pradesh. The BPCL board approved the agreement during a meeting on October 25, 2024, pending necessary approvals.

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