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
www.stocksbaazigar.com