Why Are Energy Stocks Rising Today (August 24)? Gandhar Oil, Mahanagar Gas, KP Energy and HPCL Lead Gains

Energy sector stocks traded mixed during morning trading on Monday, August 24, 2026, with buying interest visible across select oil, gas, refinery and renewable energy companies. The S&P BSE Energy index was trading at 11,319.80, up 0.21%, while the Sensex gained 0.11% to 77,627.59.

The movement puts several energy sector stocks in focus as investors track refining activity, gas demand and broader energy-sector sentiment.

Top energy sector gainers today

Gandhar Oil Refinery was among the biggest gainers in the energy segment, with shares climbing 3.83% to ₹260.05 on the BSE. Mahanagar Gas gained 2.47% to ₹1,142, while KP Energy advanced 1.85% to ₹264.25.

HPCL shares rose 1.65% to ₹369.15, while Chennai Petroleum gained 1.54% to ₹1,414.50. Bharat Coking Coal increased 1.32% to ₹35.28, while GAIL gained 0.93% to ₹173.50. Petronet LNG also traded higher, gaining 0.70% to ₹294.40.

Other energy stocks in focus

Several other oil and gas stocks also traded higher during the session. Oil India, ONGC, IOC, Suzlon Energy, Asian Energy Services, Indraprastha Gas and Hindustan Oil Exploration were among the companies witnessing gains.

The broader performance remained selective rather than sector-wide, with investors continuing to differentiate between individual energy companies based on their business exposure and near-term market conditions.

Energy stocks trading lower

Not all energy stocks gained during Monday's session. Inox Green Energy declined 1.40% to ₹176, while Confidence Petroleum fell 1.27% to ₹73.71.

MRPL slipped 0.51% to ₹175.90, while Deep Industries declined 0.42% to ₹685. Linde India, Selan Exploration, Gulf Oil Lubricants, Veedol Corporation and Reliance Industries also traded lower.

Energy sector stocks outlook

The mixed movement shows continued stock-specific activity across India's energy sector, with refining, gas and renewable energy companies moving in different directions. Gandhar Oil Refinery shares led the gainers, followed by Mahanagar Gas, KP Energy and HPCL.

For investors tracking the Indian stock market, the key factors to watch include crude oil prices, refining margins, domestic gas demand, energy-sector policies and broader market sentiment.

Which energy sector stocks gained on August 24, 2026?

Gandhar Oil Refinery was among the top gainers, rising 3.83%, followed by Mahanagar Gas at 2.47%, KP Energy at 1.85% and HPCL at 1.65%.

Why are energy sector stocks in focus today?

Energy stocks are in focus due to movements across oil, gas, refining and renewable energy companies, with investors tracking crude oil prices, refining activity, gas demand and broader market sentiment.

Which oil and gas stocks are gaining today?

Gandhar Oil Refinery, Mahanagar Gas, HPCL, Chennai Petroleum, GAIL and Petronet LNG were among the energy stocks trading higher in morning trade on August 24.

What is the Gandhar Oil Refinery share price today?

Gandhar Oil Refinery shares were trading around ₹260.05 during the morning session on August 24, 2026, up 3.83%.

Which energy stocks are falling today?

Inox Green Energy, Confidence Petroleum, MRPL and Deep Industries were among the energy stocks trading lower, while Linde India, Selan Exploration, Gulf Oil Lubricants, Veedol Corporation and Reliance Industries also declined.

What factors affect energy stock prices in India?

Crude oil prices, refining margins, domestic fuel demand, natural gas prices, government policies, global energy markets, currency movements and company-specific earnings can influence energy stock prices.

Are HPCL, ONGC, IOC and Oil India in focus today?

Yes. HPCL, ONGC, IOC and Oil India were among the energy companies investors were tracking during Monday's session.

Which are the top energy sector stocks to watch in India?

Investors commonly track companies across oil exploration, refining, gas distribution, pipelines and renewable energy, including ONGC, Oil India, IOC, BPCL, HPCL, GAIL, Mahanagar Gas and Petronet LNG.

What should investors watch in energy stocks next?

Investors should watch crude oil prices, refining margins, domestic gas demand, government energy policies, company earnings and changes in global energy-market conditions before assessing further stock movements.