Is Indian Oil Corporation Limited is good company to invest
This query is : Resolved
29 March 2020
Is Indian Oil Corporation Limited is good company to invest for long term considering the present situation??
29 March 2020
Yes .It is good company and you may buy on dips for long term
29 March 2020
Indian Oil is a PSU company. PSU stocks are not good for wealth creation in long term. They are only good for those who want regular dividend income from them as they have very good dividend yeilds. For wealth creation, it is better to invest in FMCG stocks
29 March 2020
Every stock has its own advantage.
Even Indian Oil Corporation may double your wealth in very short span once the situation is normal.
The share of IOCL is Trading around Rs.77/-.
Regular Trading price will be 125 to 155.
So due to present condition you may choose IOCL since you get dividend and also increase in share price.
You may sell once it is doubled or once you get more than 50% return..
Apart from dividend , increase in share price ,you will also get bonus shares ..
29 March 2020
Most of the quality stocks are Trading at low prices due to present situation..
Invest through portfolio instead of single company
25 May 2020
It is best time to invest in market based on your risk and duration.
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