Mar 14, 2013, 11.52 AM | Source: CNBC-TV18
ONGC is an investment buy, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "We have kept the best for the last. ONGC is a buying opportunity. Reliance Industries has disappointed but I will not surprise if Reliance suddenly rushes on the upside, ONGC is an excellent chart. It is an investment buy, not just a day trading buy."
At 11:22 hrs Oil and Natural Gas Corporation was quoting at Rs 317.55, up Rs 0.85, or 0.27%. It has touched an intraday high of Rs 318.25 and an intraday low of Rs 311.50.
The share touched its 52-week high Rs 354.10 and 52-week low Rs 245.75 on 18 January, 2013 and 23 May, 2012, respectively. Currently, it is trading 10.32% below its 52-week high and 29.22% above its 52-week low. Market capitalisation stands at Rs 271,679.59 crore.
The company's trailing 12-month (TTM) EPS was at Rs 22.12 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 14.36. The latest book value of the company is Rs 132.03 per share. At current value, the price-to-book value of the company was 2.41. The dividend yield of the company was 3.07%.
Public shareholding in the Mangalore-based refiner
Oil and Natural Gas Corp (ONGC) paid Rs 4,500 per
Major players should not integrate into one compan
ONGC is the largest oil producer in the country wh
Crude oil production at 2.96 million tons in June