Exit ONGC, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "It would be better to get out of Oil and Natural Gas Corporation (ONGC) simply because of technical reasons. The reason is, 22 years back in the same quarter, at a price of Rs 44.50; it got listed. This is the adjusted price it got listed. Current price is Rs 160 and Rs 44.50, that means it is not even 4 times. So roughly if you calculate, the CAGR in price appreciation is 6.5 percent per annum."

"If this is the kind of return that this stock has given, it should be better to actually stick to better stock to invest and get out of this stock because even though it is a bluechip, even though it is a navratna or whatever, but as an equity investor, it has delivered very poor returns. So, my suggestion is get out and go for some other bets wherever your money – people are doubling, tripling, quadrupling money in three to four times and this is simply not the case here. So I would suggest just exit this stock," he added.