Bulls surge as OMCs receive ₹15,000 cr boost

OMC Stocks Reach 52-Week Highs

Shares of Indian Oil Corporation (IOC) soared over nine percent, hitting a fresh 52-week high of ₹165.55 apiece on the Bombay Stock Exchange (BSE). Hindustan Petroleum Corporation Limited (HPCL) also experienced a significant surge, with shares locked at a five percent upper circuit to hit a 52-week high of ₹500.75 apiece on the BSE. Similarly, Bharat Petroleum Corporation Limited (BPCL) saw its shares rise by nine percent, reaching a 52-week high of ₹563.30 apiece on the BSE. BPCL was also one of the top gainers on Nifty 50.