GAIL is good for long term investment: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, gives his views on GAIL and ONGC


How does ONGC and GAIL stocks look?

At the moment GAIL probably has the slight edge seeing what it has done the last two or three sessions. After a bit of a correction it started moving up again. This has been quite a good performer over a two-three year period. It is probably going through its most difficult times in the last five or six months and that difficulty has cost it only about 17%-18% of a decline. So this is a pretty safe long term investment stock and since it is down about 15%-20% from the peak it is probably a reasonably safe time to pick it up. The downside may be limited. ONGC is also in many ways similar to GAIL as for a long term investment stock but very sideways in the last one or two years so I would sort of from a long term perspective prefer GAIL to an ONGC at the moment.