Indian Oil corporation: Bad news equals a good stock price & dividend yield — Indian Oil corporation fits the bill



Rising oil prices, delayed privatisation, under recoveries and threat from EV’s. News around the energy sector, specifically the oil-marketing companies like IOC, is mostly negative. Now look at the other side. Dividend yield of 11 percent and a track record of paying uninterrupted dividend for decades. Further, valuations – both on absolute and relative basis – are at lows from where they have reverted back many times in the past.

Ideally, every stock one buys should be with a long-term perspective. However, in the real world it is neither possible, nor logical. This might be against the narrative which is paddled by many stakeholders of capital markets.The fact that every business has a cycle and buying stock when everything appears to be negative makes sense, especially when stocks are attractive in a clearly identifiable cycle. Sell it after getting a certain amount of

  • SAVE

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise



Read original article here

Denial of responsibility! My droll is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment