Is it good to buy Indian Oil Corporation share?

Is it good to buy Indian Oil Corporation share?

All in all, looking at valuations, dividend yields, solid track record and an impeccable retail fuel network, IOC remains a good pick.

Is IOC good for long term investment?

Considering that Indian Oil commands a premium over its peers, long-term investors can bet on this stock. operates eight refineries across the country with a total refining capacity of nearly 50 million tonne per annum. The company controls nearly 55\% market share in retail sales of petroleum products.

What is future of IOC?

Analyst Future Growth Forecasts Revenue vs Market: IOC’s revenue (3.8\% per year) is forecast to grow slower than the Indian market (12.7\% per year). High Growth Revenue: IOC’s revenue (3.8\% per year) is forecast to grow slower than 20\% per year.

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Which Indian shares are good to buy now?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP Low
Axis Bank 707.05 698
B P C L 390.55 389
Bajaj Auto 3,282.00 3,268
Bajaj Finance 7,080.30 7,035

Is ITC good for long term?

Yes itc is a good stock for long term investment.. As it continuously paid dividend to its shareholders also. It is one of FMCG companies in India. ITC is a good company and you can go with investing in them.

When IOB shares will go up?

Tomorrow’s movement Prediction of Indian Overseas Bank IOB as on 13 Dec 2021 appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session….Munafa value: 35 as on 13 Mon Dec 2021.

Downside target 20.88
Upside target 24.28

Does IOC give dividend?

Indian Oil Corporation Ltd. For the year ending March 2021 Indian Oil Corporation has declared an equity dividend of 120.00\% amounting to Rs 12 per share. At the current share price of Rs 115.95 this results in a dividend yield of 10.35\%. 13.5000 per share(135\%)Interim Dividend.

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Which is better ONGC or IOC?

New Delhi: ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country’s most profitable public sector company. In comparison, IOC registered a net profit of Rs 17,274 crore for the fiscal year ended March 31, 2019.

How much does Indian Oil Corp spend on interest expenses?

That’s all for Indian Oil Corp. recommendations. Check out other stock recos. Company has spent less than 1\% of its operating revenues towards interest expenses and 3.11\% towards employee cost in the year ending Mar 31, 2021. (Source: Consolidated Financials)

What is the history of Indian Oil Corporation?

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 122431.14 Crore) operating in Gas & Petroleum sector.

What are the key products/revenue segments of Indian Oil Corporation?

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 137070.15 Crore) operating in Gas & Petroleum sector. Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products which contributed Rs 497400.43 Crore to Sales Value…

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How will OPEC+ affect oil production and demand?

On the supply side, global oil production fell by 6.6 mb/d to 93.9 mb/d on account of the production cuts by OPEC+, coupled with lower output from the non- OPEC countries. Yet, the supply exceeded demand by 2.7 mb/d. The Company?s approach for a climate compliant future is thus two-pronged.