Hello friends, in today’s blog, we see IOC declare 7 rupees Dividend, in this we will decide whether we should buy the stocks for a dividend or leave this dividend opportunity.
which sector give more growth in 2024
IOC declare 7 rupees Dividend:-
The company dropped the net profit by 40% and declared 7 rupees per share.
so here is a simple thing, the Company’s profit dropped and giving dividends, it simply means that those people sell the stocks because of the bad quarterly result.
so if you want to buy these stocks only for dividends, then you should consider the Technical analysis of stocks,
here is charts of IOC
Technical Analysis:-
In IOC charts, we see that, before a result is declared, the company breaks into a small zone day chart, after the result comes to the same zone.
So most important thing is that, if you want to just buy for the dividend, then you should see that, if you buy the stocks at today’s price is 171 rupees per share ( date 02 May 2024).
so you should consider that these stocks may fall below 160, but the market is now in bullish mode, so you can consider these stocks for dividends and also for swing trading for 2 months. (IOC declare 7 rupees Dividend )
so stocks will reach the 200 rupees target within 2 months according to the charts. so if you want to buy the stocks then you buy for at least 3 years.
The company is in large cap, so you can give a good return and will get at least a 25% return every year, so this is a good deal to buy stock in my opinion, you can do your own analysis.
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