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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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