Deven Choksey view on ONGC

I have never doubted valuations of ONGC and never doubted the potential of higher valuation that ONGC can always command, says Deven Choksey, MD, KR Choksey Shares and Securities.

Choksey told CNBC-TV18, "I have never doubted valuations of ONGC and never doubted the potential of higher valuation that ONGC can always command. The bigger issue stays with the confidence to stay invested in this particular company largely because of interference on the policy front by the government on time-to-time basis. At the same time reluctance to bring out the clarity or the road map, how do they get out of the subsidy kind of an activity? Till that happens, I don