Rajan Malik's view on ONGC

ONGC is very valuable one; Rs 250 would be a fair price and then retail investors will get a further discount, says Rajan Malik, Head Equities, Private Client Group, MF Global.

Malik told CNBC-TV18, "ONGC is indeed very valuable one. I think Rs 250 would be a fair price and then retail investors will get a further discount. I think Rs 250 on the stock will maintain and for anybody who can hold it for the long run there is value. Once again any sector or any stock where the government decides what you will make or you will not make you have got to put that caveat over there and invest accordingly."