Energy stocks gain up to 8% led by IOC, IREDA, and others. Here's why
Mon, Feb 5, 2024 2:59 PM

Energy stocks gain up to 8% led by IOC, IREDA, and others. Here's why

A Flip by Avya Verma
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On Monday, energy stocks saw significant gains of up to 8% due to a drop in crude oil prices, budget announcements, and strong earnings. Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation all hit new 52-week highs. The Nifty Oil & Gas index also reached a new high due to positive performances from 9 out of 15 stocks. Certain renewable energy stocks.

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