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Oil rally powers PSU energy stocks to fresh lifetime highs
ONGC and Oil India stocks hit record highs as rising crude prices improved earnings outlook, cash flow visibility, and investor sentiment toward upstream energy companies.
Shares of ONGC and Oil India surged to new record highs as global crude oil prices climbed sharply, boosting earnings expectations for upstream producers. Rising geopolitical tensions and supply concerns lifted benchmark oil prices, improving revenue visibility. Investors responded positively to stronger cash flow prospects and dividend potential. Sustained crude strength could further support valuations, while policy clarity on windfall taxes remains closely monitored.