Hold ONGC: Mohoni

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Hold ONGC: Mohoni

Technical Analyst, Deepak Mohoni is of the view that one can hold ONGC. It’s a very good long-term investment.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS ONGC can test Rs 1136-1159: N Pillai Above Rs 1100, ONGC can test Rs 1350: Gujral ONGC has target of Rs 1290: E Mathew ONGC likely to test Rs 1085: N Pillai ALSO READ See previous views by Deepak Mohoni See what other Experts & Brokerages are saying about ONGC See messages about ONGC ONGC BSE | NSE 28/05/12 Are Mutual Funds betting on ONGC?

Technical Analyst, Deepak Mohoni is of the view that one can hold ONGC .

Mohoni told CNBC-TV18, "ONGC is a highly underrated stock. It has been in an extremely strong long-term uptrend from the year 2000 when it was Rs 65 and it has gone to Rs 1,200. In the year 2000, we didn't even know that oil could reach USD 100/bbl or lot more. So one should absolutely hold on to it with a stoploss of Rs 775. It's a very good long-term investment."

Disclosure: Analyst doesn't hold the above stock.