30-40% move is possible in coming months. More so, If anyone is holding this for long-term, along with the upside, there is a good % that one can earn in terms of Dividend yield. In the past 12 months, Indian Oil Corporation Ltd. has declared an equity dividend amounting to Rs 8.00 per share. At the current share price of Rs 106.55, this results in a dividend yield of 7.51%
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#IOC Target 1 hit 14% returns so far
More to come
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#IOC [Update]
Target 2 hit
40% returns done
Stock is at major resistance now; hence partial profit taking is a wise thing to do here.
Once this breaks and stock hits ATH, this will fly very hard!