Bad news equals a good stock price & dividend yield — Indian Oil corporation fits the bill


Rising oil prices, delayed privatisation, under recoveries and threat from EV’s. News around the energy sector, specifically the oil-marketing companies like IOC, is mostly negative. Now look at the other side. Dividend yield of 11 percent and a track record of paying uninterrupted dividend for decades. Further, valuations – both on absolute and relative basis – are at lows from where they have reverted back many times in the past.

Ideally, every stock one buys should be with a long-term perspective. However, in the real world it is neither possible, nor logical. This might be against the narrative which is paddled by many stakeholders of capital markets.The fact that every business has a cycle and buying stock when everything appears to be negative makes sense, especially when stocks are attractive in a clearly identifiable cycle. Sell it after getting a certain amount of

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