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.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created
September 25, 2026