IOCL Share Price / Stock Price
Indian Oil Corporation Limited or IOCL is an oil and gas company owned by the government of India. It is the largest oil company of the nation and IOCL Share Price has always been steady. This article will give insight into the IOCL Stock Price and numerous other aspects of investment.
Why Invest in IOCL Shares?
Indian Oil Corporation has been a favorite of investors for a long time. The company gives many reasons for people to trust it which is reflected by its present market position. Investors always look for favorable options before buying shares of a company and IOCL ensures that it creates them efficiently.
Some of the promising reasons why an investor should invest in the IOCL Shares are discussed below:
- IOCL is the largest oil and gas company of the nation that is backed up the government
- The company has a very high yearly turnover which gradually increases its shares price
- It has performed exceptionally in the share market for the past 5 years with an upward-striking graph
- IOCL has been dynamically increasing its portfolio with new products and the latest being some new Petrochemicals and Specialities Products (P&S)
- The company has credit rating in the market which is a promising sign for investors to take a note of
- IOCL has been expanding its business steadily in different parts of the country and is intended to show some robust actions in the coming days
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How to Invest in Indian Oil Corporation Stocks?
Investing in the stock market is considered quite a risky task because this market is volatile and shows rapid transformations. But, one can be on the profitable side if he is wise enough to make the right decisions.
He should be very careful while choosing the shares and make sure that he is ready to face the risk that might wait in the future. However, IOCL Stocks have never been a bad option for investors as they have yielded good results.
The procedure for investing in the IOCL Shares is discussed below:
- An investor cannot invest in shares without having a Demat account from a stock broker as this account is very crucial to hold the shares that he will buy
- After opening a Demat account, he will also have to open a trading account from the same broker house. The trading account is important as it will connect the demat account with the investor’s bank account.
- The broker house will provide the investor with his account login ID and password after both the Demat account and the trading accounts are created. These credentials will reach him through his registered email address
- Now, when the investor has his account login ID and password handy, he will have to open a trading platform developed by the broker house. The trading platform can be a website or a mobile application that can be chosen conveniently
- The investor has to visit the login page of the trading platform and then enter the login ID and password that were provided to him. These portals have a lot of useful trading features like live market updates, watchlist, stock recommendation, and many others
- The investor should create a watchlist before buying the shares of any company. This will help him monitor the present condition of the company and he can also analyze if his investment will prove to be a good decision or not
- He will have to add IOCL in his watchlist and monitor it for some time. When he finds it is suitable to invest in the shares of this company, he can buy as many as he wants
- For buying the shares, the investor has to enter the buying section of his profile, select the IOCL scrip, and enter the number of shares he wants to buy.
About Indian Oil Corporation Limited
Established in 1959, Indian Oil Corporation Ltd.is the largest commercial oil company in India. The company’s business spreads over the entire hydrocarbon value chain.
It refines hydrocarbon products, transports them, and produces crude oil, natural gas, and petrochemicals.
IOCL has established its subsidiaries in Sri Lanka, Mauritius, and the Middle East countries. The company is currently headed by Mr.Sanjiv Singh and headquarters in New Delhi. Its business is divided into seven major sections including refineries, pipelines, marketing, R&D, petrochemicals, E&P, and Explosives and cryogenics.
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Products or Services offered by IOCL
IOCL Products and services are unmatchable when oil and gas are concerned. The company has reached its products and services to the interiors of the country to ensure every citizen gets the facilities for healthy living.
The IOCL Services and products are listed below:
IOCL produces a few billions of tonnes of fuel every year that includes petrol, diesel, gasoline, and kerosene. The company also supplies aviation fuel for flights and marine oil for ships. These products are offered to consumers after several stages of refining.
Indane is the brand for LPG from IOCL. Millions of Indians consume on this cooking gas every month.
Indian Oil Corporation Ltd. runs a large number of fuel stations across the length and breadth of the country.
IOCL produces a huge amount of natural gas that is utilized by various types of industries globally.
Bitumen from IOCL finds various types of applications in the core industries.
IOCL Shares – Conclusion
This article has provided comprehensive knowledge of Indian Oil Corporation Many reasons have been stated for preferring IOCL Share Price. Investors can learn here, the procedure for investing in these shares along with other useful details about the company.
IOCL Stock Price has always been overwhelming and it can be regarded as an excellent investment option.
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