ONGC can test Rs 1136-1159: N Pillai

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ONGC can test Rs 1136-1159: N Pillai

Neppolian Pillai, Modern Shares & Stock Brokers is of the view that ONGC can test Rs 1136-1159. The risk reward ratio for a buy is not in favour of you now; most things have rallied, so it is not beneficial to buy now. If you have bought already take some profit."

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Above Rs 1100, ONGC can test Rs 1350: Gujral ONGC has target of Rs 1290: E Mathew ALSO READ See previous views by Neppolian Pillai 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?

Neppolian Pillai , Modern Shares & Stock Brokers is of the view that ONGC can test Rs 1136-1159.

Pillai told CNBC-TV18, "From a bottom of Rs 780 ONGC is already Rs 1,110 yesterday. It can still push up to about Rs 1,136 and Rs 1,159. The risk reward ratio for a buy is not in favour of you now; most things have rallied, so it is not beneficial to buy now. If you have bought already take some profit."
 
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.