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%.
Rising crude oil prices may prompt the finance min
Oil & Natural Gas Corporation's board meeting will
Mitessh Thakkar of miteshthacker.com recommends se