Oil India Ltd shares continued to fall for the fifth straight trading session on Tuesday. The stock was trading at Rs 480.2 on the NSE at 1:19 PM IST, down 1.77% for the day. In comparison, the benchmark NIFTY index was almost flat, down just 0.02% at 25,928.9. The Sensex was also slightly lower, down 0.11% at 84,179.58.
Despite the recent fall, Oil India has performed well over a longer period. The stock has gained about 12.83% in the last one month. Over the past one year, it has jumped 15%. This is slightly better than the 12.51% rise in the NIFTY during the same period. However, it has slightly underperformed the Nifty Energy index, which rose 16.2% in the last year.
The Nifty Energy index, of which Oil India is a part, has increased 5.56% in the past month. On Tuesday, the index was down 0.77% and was trading at 36,671.
Trading activity in Oil India remained close to its usual levels. Around 67.65 lakh shares were traded during the session. This is slightly lower than its one-month daily average trading volume of 70.63 lakh shares.
In the derivatives market, the February futures contract for Oil India was trading at Rs 476.1, down 1.59% for the day. This shows some cautious sentiment among traders in the short term.
From a valuation point of view, the stock is trading at a price-to-earnings (PE) ratio of 16.99, based on trailing twelve-month earnings ending September 2025.
Overall, while the stock is facing short-term pressure, its strong one-year performance shows steady investor interest in the energy major.
