Hold ONGC, says Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "One should hold on to Oil and Natural Gas Corporation (ONGC). My first target for the stock is Rs 240 and then consequently Rs 260. Market has just moved to the highest point of the last 52 weeks high. It should head higher provided we see some good results in UP. So, my take is that ONGC has the potential of moving up, so definitely a hold."At 15:23 hrs Oil and Natural Gas Corporation was quoting at Rs 195.50, down Rs 0.10, or 0.05 percent.