New Delhi. Last year, the way in which the shares of pharma companies were seeing a good boom and giving investors a chance to earn profits, Post Kovid, especially in 2021, the oil companies are getting a lot of opportunity for investors to earn. The major reason for the increase in the shares of oil and gas companies is the increase in demand and the rise in the price of crude oil in the international market. Experts say that the demand for oil and gas has increased in the country. There has been an increase in the price of gas along with the price of petrol diesel. The benefit of which is being seen in the stock market as well. Patrika.com has analyzed the data of 8 oil and gas companies from the BSE website to analyze which company has earned the most money from common investors.
The performance of companies in 2021 has been excellent
As early as 2021, oil and gas companies have seen good growth. All companies have a 52-week high in these months. Some have been seen only last week. According to the data, BPCL shares have seen a gain of Rs 91. IOCL is also at 52 weeks high with Rs 105. GAIL today reached a high of Rs 158 with a rise of more than 5 per cent. This year, the company’s stock has seen an increase of up to 20 per cent. Petronet LNG, ONCG, HPCL, IGL all companies have good stocks.
Performance of oil gas companies in 2021
|Names of oil gas companies||Share price on 31 December 2020||Share Price on 8 March 2021||Increase|
Rise in the price of crude oil
This year, the price of crude oil is getting good. Even today, the price of crude oil is increasing by more than 2 percent. On the other hand, this year, the price of crude oil has increased by more than 35 percent. Due to which oil and gas company shares are seeing good growth. In fact, OPEC Plus has decided to continue the cut in oil production. According to the Goldman Shakes report, crude oil prices are expected to reach $ 80 per barrel by July.
There will be more earning opportunities now
According to Ajay Kedia, director of Kedia Advisory, there is an increase in demand for petrol and diesel at present. Due to the rise in demand and increase in consumption, there is an environment in the stocks of oil companies. This boom may continue in the coming months. Investors will continue to have opportunities to earn from the shares of oil gas companies.