Stock 360: Here's why ONGC is up 25% in November

ONGC has moved up 12 percent for the week and 25 percent in the month of November. However year to date it is still down 37 percent.

On CNBC-TV18’s Stock 360 segment, Anuj Singhal takes a stock check and reports that one of the primary reasons for the recent up move has been the big surge in crude prices.

Crude oil prices on Wednesday rose for a fourth straight day shrugging off an industry report showing a higher-than-unexpected rise in U.S. crude stockpiles and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.