MESSAGES

Bargain at this price. Better to invest on SIP basis now post results. Results are predicted to be weak because of inventory loss. However operationally it is going to be strong because of marketing margins. Whatever with China going through structurally soft patch and higher EV penetration should keep oil prices under check. This should help the company stable marketing margins on a sustainable basis. Further if value unlocking starts in OMCs by DIPAM, then it is treasure of wealth. Instead of investing in 60, 70 pe stocks this should give stability to portfolio.

Really do not understand why investors are influenced by trading sentiment. At the current price for investors IOC is a bargain. If India is developing to be a developed country, just think the value unlocking which IOC can do at appropriate time. It has real estate, plants at sunk cost, retail network and is a critical company. It is investing in sustainable energy transition, EV charging network etc. and aying regular dividend. But investors hesitate to invest even at less than 10 PE and may be at hefty discount to real book value. Anyway I started investing on every declines when it hit 90 Rs. Post that the company issued 1 share for every 2 shares held as Bonus. If I include Dividends received as on date my cost is 45 or may be less per share. Based on experience I am saying young investors not to ignore such gems available at huge discount by aiming for quick returns. Anyway please make your own research.

my prediction is that it may go down to 150 and after that it will go up untill 194 this time. A great support at around 150 for sure resistance is 190. Keep holding it . the time has come when it cross to 230 and revolve around 220 for an year. IOC is working very hard on Hydrogen and fueld cell and EVs as well. Dnt leave this chance