CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Is Indian Oil Corporation Limited is good company to invest


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


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

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

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 ..

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


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :





Trending Tags
gst return
gst council meeting
traces
llp
rbi
ca exams may 2020
tds
gst portal
Excise
companies act 2013
law
icai
dgft
mca
VAT
newgstreturn
itr
gstr 9
eway bill
csr
ca
tcs
unified portal
close
GST Live Class