Hindustan Oil Exploration Company Limited has informed the Exchange regarding 'Award of a Contract Area to the Company under Special Discovered Small Fields Bid Round 2024'.

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HINDOILEXP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.1%Reaction day

₹170.10

prior close

₹173.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+3.2% vs market

Oil peers, median of 13sector · industry level+2.1%+2.0% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 2.0 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.8

10m

+1.8

15m

+1.7

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.1+0.8+3.2+2.1+2.0

Next day

+4.4+1.6+2.8+4.3+0.1

+10.2+3.1+7.2+6.0+4.2

+14.9+4.0+11.0+3.4+11.5

+12.6+4.0+8.6+4.2+8.4

+13.0+4.4+8.6+3.3+9.7

+12.2+1.6+10.6+0.0+12.2

15d

+1.6-1.7+3.3-7.2+8.8

+11.1+8.1+3.0+4.3+6.8

+3.5+13.3-9.8+9.9-6.4

+1.1+16.9-15.8+15.1-14.0

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hindustan Oil Exploration Company Limited (HOEC) has been awarded a Contract Area under the Special Discovered Small Fields (DSF) Bid Round 2024. The DSF rounds are government-conducted auctions offering small oil and gas fields to private companies for exploration and production. The specific details of the contract area, investment commitment, or production potential have not been disclosed in the headline. This is part of the government's ongoing efforts to boost domestic hydrocarbon production through the Discovered Small Fields policy.

Likely market impact

The contract award adds to HOEC's portfolio of upstream oil and gas assets and could contribute to future production and revenue growth, though the exact financial impact cannot be assessed without details on the size and potential of the awarded area.