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 ..
CAclubindia
