Oil India shares rally 5% as Avendus sees stock doubling over 3 years

June 11, 2025

Oil India shares rose 5% after Avendus Spark gave a “buy” rating with a Rs 630 target, citing volume-led growth and strong earnings potential. The brokerage sees upside despite recent oil price corrections and highlighted ongoing capacity expansion and production visibility. Technicals show bullish momentum.

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