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%.