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May 29, 2012, 04.38 PM IST | Source: CNBC-TV18

Don't expect much from ONGC results: SP Tulsian

Oil and Natural Gas Corporation (ONGC) will declare its fourth quarter results today. In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says, he doesn’t expect much from the results of this quarter.

Oil and Natural Gas Corporation (ONGC) will declare its fourth quarter results today. In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says, he doesn’t expect much from the results of this quarter.

Below is the edited transcript of his interview on CNBC-TV18. Also watch the accompanying video.

Q: ONGC will declare its results today. What are you hoping to see, anything spectacular or just a lackluster performance this time?

A: I think it will be lackluster performance. We have already seen the results of Oil India ; one needs to just enhance it by nine times. Ultimately, it is the subsidy sharing which spoils the party for ONGC and Oil India results. So, I do not expect much from the results of this quarter.

Q: What about SAIL ? What did you make of those numbers?

A: I think the results are looking quite good. If you see the results of JSW Steel, they can very well get compared with those results. It looks like the company has given a positive surprise on the results.

Q: Any thoughts on the infrastructure names, Lanco and GMR ? Would you touch anything here?

A: Lanco is looking interesting because I am expecting that results will not disappoint the market. Any positive bottom-line should cheer the market. If you see the news flows, the promoters are looking to exit from the road portfolio, they are looking to monetise some of the power projects, which are either under erection or which are operational, of more than 4,000 megawatt each. So, Lanco looks good. But I am not too hopeful for GMR Infra.

Coming on the other stocks, GVK , the news flow of the environment clearance having received for their Alpha Coal Block Projects in Australia also doesn’t look to be too exciting for the stock.

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