ONGC can touch Rs 285-290: Panda

Jitendra Panda of Future Capital is of the view that ONGC can touch Rs 285-290.
 
Panda told CNBC-TV18, “Yesterday we saw lot of addition in Reliance Industries and today also we do see some additions there. But we believe Oil and Natural Gas Corporation (ONGC) will be the top pick after the first move or advantage which Reliance and Cairn India have taken. But now any fresh positions if has to be built it has to be built on ONGC and we could see Rs 285-290 target on ONGC that’s where we could look at safely because whatever developments have happened look very positive for ONGC.”