We will continue to hold ONGC: IV Subramanium, CIO, Quantum Advisors

IV Subramanium, CIO, Quantum Advisors, in a chat with ET Now, gives his views on ONGC stock


Do you think that the government is rying to push the ONGC FPO forward and would your call for ONGC change at all?

Maybe the government is trying to do that. We still have ONGC in the portfolio, and that’s again largely because in the case of ONGC, we still think that valuations are reasonably attractive given the kind of assets, which they hold. We still think that there is upside left in the stock despite the fact that they also have to bear something out of the subsidy. We will continue to hold that because valuations compared to the refining stocks, pure refining stocks looks a lot more attractive.