Any reason why IOC is going down all the time, even though they are a profitable company in Sri lanka

[chathuvv]

ay

 

[milindasenarath]

1 - market trend is not bullish
2 - opening of sinopec
3 - freely availability of fuel

 

[kinkon]

 

[topkollek]

company was over valued during last year because they were supposed to be making excessive profits. It could probably go down even further