Windfall Profit tax in India

Russia-Ukraine  war created  Supply-Demand  problem in Crude oil

 Rise in Crude Oil prices saw  'Supernatural  Profits' in Oil  Producing  companies in India

Govt of India imposed Windfall Profit Tax on Oil producing companies from 1st June 2022

 Finance Minister Nirmala Sitharaman justified the Taxes on Windfall Gains by sighting 'Abnormal Times' as the reason

Windfall Profit taxes has been revised thrice since June to Sept. 

Stocksbaazigar believes that Stocks of Oil Producing companies have corrected enough now

ONGC  52 w high - 194.95 52 w low- 117.50 CMP - 132.60

                   GAIL 

52 w high - 173.50 52 w low - 125.20 CMP - 135.20

Oil India Ltd

52 w high - 306 52 w low - 169.60 CMP - 191

Why to Invest? Digested Windfall Profit Tax in Price Available at low PEs Downside restricted Dividend paying

Who should Invest? Long Term Investors Value Investors Investors seeking for Dividend Income  Conservative Investors

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