IOC declare 7 rupees Dividend

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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2 weeks ago

Laxman Sonale

I am Laxman Sonale, I love reading books. My professional background is in biotechnology and now I am doing my m.sc in biotechnology, but I love the stock market and Common Sense and how people make lots of mistakes in financial life so I write this blog to help them people and become financially aware. so this is my mission and I need your help friends, to reach out to those, that don't know about the world of finance work, and how people get poor and rich get richer. So if you want to be a Smart guy in life, then you should have to learn about finance, whatever I know, I am trying to say in simple language if something is not clear to you, then leave the comment, I bring the answer. so thank you for reading about me.