Top 5 Oil & Gas Stocks to buy in May 2024 

Published : 31 May 2024

Indian Oil Corporation

IOC operates under the Indian Government and is run by the Ministry of Petroleum and Natural Gas. Its shares are trading at around Rs. 161.00. Its ROCE and ROE are 23.90% and 22.75% respectively. At the same time, the OPM was 8.18%.

Oil and Natural Gas Corporation

The company is involved in the business of crude oil, natural gas, and more. Its shares are trading at around Rs. 265.00 at present with ROCE and ROE of 15.43% and 14.60%. The OPM is 13.41%.

Reliance Industries

It is one of the largest players in the oil and natural gas industry. It is currently trading around Rs. 2851.00 with an ROCE of 9.38% and an ROE of 8.77%. Its OPM is around 14.14%.

Jindal Drilling Industries

The company is in the business of exploration of oil and gas.  The company’s share is trading at around Rs. 658.50. Its ROCE and ROE are 9.86% and 3.75% respectively. At the same time, the OPM is 26.65%.

Deep Industries 

The company specialises in Gas compression services. Its shares are trading at around Rs. 279.00 at present with ROCE and ROE of 9.50% and 8.58% while the OPM is noted at 37.62%.