Bullish about ONGC: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com gives his views on various stocks.

ET Now: What is the call on ONGC, BHEL and Neyveli Lignite?

Ashwani Gujral: All of these stocks are going through some kind of pullback. ONGC will be a great positive. It can get past 290. Till then it is basically between 250 and 290.

A pullback rally is happening in BHEL as well. So maybe 270 is the upper end of that rally.

Neyveli has fallen from 200 to 70 bucks, it can easily go to 95. You just need some trigger; some reason for things to do that. So I do not think any of these change the basic trend in these stocks. Just that this is a good excuse to have a pullback rally.