ONGC is a sure hold : KSEMA Fincon
ONGC is in the process of acquiring the energy security for the country & thus acquiring some of the key stakes in biggest oil and gas oil fields across the world.
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| A quick word on ONGC.
Seshadri Bharathan: ONGC is in the process of acquiring the energy security for the country and the process is acquiring some of the key stakes in some of the biggest oil and gas oil fields across the world but also another factor which works in favour of ONGC is the rising crude oil prices which are now closer to $89 per barrel. That also is a positive news for ONGC.
So what does one do with this counter?
Seshadri Bharathan: Definitely hold this counter because we are expecting news of 1:1 bonus and stock split of 2:1 and going forward definitely as the crude oil price increases, definitely investors would make money in this.
Seshadri Bharathan: ONGC is in the process of acquiring the energy security for the country and the process is acquiring some of the key stakes in some of the biggest oil and gas oil fields across the world but also another factor which works in favour of ONGC is the rising crude oil prices which are now closer to $89 per barrel. That also is a positive news for ONGC.
So what does one do with this counter?
Seshadri Bharathan: Definitely hold this counter because we are expecting news of 1:1 bonus and stock split of 2:1 and going forward definitely as the crude oil price increases, definitely investors would make money in this.
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