ONGC likely to remain firm over the next few days: Sajiv Dhawan, MD, JV Capital Services

In a chat with ET Now, Sajiv Dhawan, MD, JV Capital Services shares his views on the ONGC stock.

What is your call on ONGC?

There is no doubt that ONGC is a great company and it would have done a lot better if it was not for the subsidy problems. It is a good sentiment booster for the markets. ONGC stock price is likely to remain firm over the next few days which will help the course of the Nifty and the Sensex.

You just do not know what the government might do if the company could freely price its products and give the proper value to the shareholders and the stock price is worth the double the current prices.

The problem is anytime the government might do something and you might see the stock under perform again but in the short term, it is likely to remain above the 290-300 price range.