No re-rating for some oil stocks: Harendra Kumar, Elara Capital
The news about ONGC investing in IOC pretty cancels the positive development in terms of the oil gas price hike that would have played into the EPS numbers of ONGC.
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In a chat with ET Now, Harendra Kumar, Managing Director-Institutional Equities, Elara Capital, gives his views on oil stocks
How will oil ministers's comments about ONGC investing in IOC impact the two stocks?
The news about ONGC investing in IOC pretty cancels the positive development in terms of the oil gas price hike that would have played into the EPS numbers of ONGC. In fact, this is precisely the reason why some of the PSU stocks do not fundamentally get re-rated to their actual potential.
How will oil ministers's comments about ONGC investing in IOC impact the two stocks?
The news about ONGC investing in IOC pretty cancels the positive development in terms of the oil gas price hike that would have played into the EPS numbers of ONGC. In fact, this is precisely the reason why some of the PSU stocks do not fundamentally get re-rated to their actual potential.
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