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Do not buy HOEC: Rajen Shah

Published on Tue, Nov 10, 2009 at 18:42 |  Source : CNBC-TV18

Updated at Tue, Nov 10, 2009 at 19:05  

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Rajen Shah, CIO, Angel Broking

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Do not buy Hindustan Oil Exploration Company (HOEC), says Rajen Shah , CIO, Angel Broking.

Shah told CNBC-TV18, "Few months back we had given a strong buy call on HOEC and in fact we had called it the ONGC of the private sector and the call was that around Rs 65-70 levels. In fact we were surprised by the pace of the rise in the stock. But at this point of time it's certainly not a buy."

  

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