Is Indian Oil Corporation Limited is good company to invest

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Indian Oil Corporation Limited (IOCL) is considered a good investment for the long term, particularly for those seeking regular dividend income. While PSU stocks may not always be ideal for significant wealth creation compared to FMCG, IOCL offers potential for share price appreciation, especially as market conditions normalise. Investors might consider buying on dips, aiming for a doubling of their investment or a 50% return, alongside potential bonus shares.

CA Surya Sekar

CA Surya Sekar (Querist)

29 March 2020 Is Indian Oil Corporation Limited is good company to invest for long term considering the present situation??

Eswar Reddy S

Eswar Reddy S (Expert)

29 March 2020 Yes .It is good company and you may buy on dips for long term

CA PARTH SHAH

CA PARTH SHAH (Expert)

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

Eswar Reddy S

Eswar Reddy S (Expert)

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 ..

Eswar Reddy S

Eswar Reddy S (Expert)

29 March 2020 Most of the quality stocks are Trading at low prices due to present situation.. Invest through portfolio instead of single company