Any dip in the ONGC stock can be a good entry point: Jagannadham Thunuguntla, SMC Global Securities

In a chat with ET Now, Jagannadham Thunuguntla, Head of Research, SMC Global Securities, talks about ONGC.

ET Now: What is your take on ONGC?

Jagannadham Thunuguntla: By the end of this month, there will hopefully be clarity on various front — on government policies as well as whether or not the government wants to go ahead with this offer for sale.

I feel there will be news flow that will be impacting the stock in the medium term. But generally speaking, any dip — wherever there is correction — or maybe any move towards 400, can be good entry point.