Houseviews: 4 stocks on brokerages` radar

Fri, Nov 09, 2012 at 08:49

| Source: CNBC-TV18
Share   .   Email   .   Print      


Brokerage: Goldman Sachs

Rating: Rs 350

Target: Buy

Rationale: While profits were below estimates on account of lower sales and realisations, the share price is already factoring in an unlikely worst case scenario of 45% upstream share in fy13. Even if the worst case is realized, ONGC's implied value of 308 would still be higher than the current share price.

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.