Indian Oil Corporation is going through a tough time this year. Cheap oil for India is like a breath of air. Cheap oil was a very good growth driver for the company, as it is now. But the coronovirus is likely to hit India's economy hard.
If oil prices remain below $60, the stock looks very good.
I am still waiting for the company's shares to fall to prices 60, or maybe lower than 45 and 30. It is worth considering buying shares after the situation with this damn virus is normal.
I wish everyone good health!
If oil prices remain below $60, the stock looks very good.
I am still waiting for the company's shares to fall to prices 60, or maybe lower than 45 and 30. It is worth considering buying shares after the situation with this damn virus is normal.
I wish everyone good health!