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Choksey's view on ONGC

We have been refusing to put money into the PSU particularly the down streams and up streams in ONGC now, says Deven Choksey, MD, KR Choksey Shares and Securities.

May 31, 2011 / 11:18 AM IST
 
 
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We have been refusing to put money into the PSU particularly the down streams and up streams in ONGC now, says Deven Choksey, MD, KR Choksey Shares and Securities.

Choksey told CNBC-TV18, "In ONGC if one wants to look at the numbers - probably one can see the gross realizations and the net realizations that they have made. The subsidy burden that they have to absorb between the two is suggesting that analysts are going nowhere in putting across their estimates on this particular stock because it is government who is taking the call on a quarter on quarter basis as to what should be the subsidy burden, so really disappointing kind of a number.

first published: May 31, 2011 11:09 am

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