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Is IOC a good stock to buy for long term?
Considering that Indian Oil commands a premium over its peers, long-term investors can bet on this stock. BUSINESS IOC 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.
Is IOC a public company?
IOCL is a public sector undertaking. Government of India held 56.98\% stake in IOCL as on 31 December 2017. The company’s operations include refineries pipelines and marketing.
Is IOC share a good buy?
All in all, looking at valuations, dividend yields, solid track record and an impeccable retail fuel network, IOC remains a good pick.
What is Indian Oil Corporation Limited IOC share price forecast & targets?
Indian Oil Corporation Limited IOC share price forecast & targets for short-term is a uptrend, and nearest possible share price target is 137. The share price is currently trading at 130.10. However, if the trend reverses from this point, then a possible future share price target could be 130.
Our Ai stock analyst implies that there will be a negative trend in the future and the IOC shares are not a good investment for making money. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio.
How often does walletinvestor predict the price of IOC?
“IOC” stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Q&A about “IOC” projections. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Indian Oil Corporation Limited.
How much is the dividend yield of Indian Oil Corporation stock?
For the year ending June 2019 Indian Oil Corporation has declared an equity dividend of 92.50\% amounting to Rs 9.25 per share. At the current share price of Rs 146.45 this results in a dividend yield of 6.32\%.