Hold ONGC, says Radhika Gupta

Hold ONGC, says Radhika Gupta of Forefront Capital Management.

February 09, 2011 / 01:26 PM IST
 
 
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Hold ONGC, says Radhika Gupta of Forefront Capital Management.


Gupta told CNBC-TV18, "We are very bullish on the energy space. We expect commodity prices to pickup, ONGC to be a beneficiary of that and aside from recent issue around the bonus we think the valuations of ONGC look good at this point in time. So we see further upside in ONGC, so I recommend hold on."

ONGC trailing 12-month (TTM) EPS was at Rs 46.54 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 6.06. The latest book value of the company is Rs 204.04 per share. At current value, the price-to-book value of the company was 1.38. The dividend yield of the company was 5.85%.

first published: Feb 9, 2011 01:25 pm

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