ONGC may move to Rs 200-210: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "One should hold on to Oil and Natural Gas Corporation (ONGC). There are times when we see consolidation happening in companies for a long time. It happened with biggies like Hindustan Unilever (HUL) also. For a number of years it was going nowhere and then suddenly we saw a spike."

"Now one thing is attached to ONGC is the crude prices and if at all we see a spike in the crude prices, I am sure that we are going to see a spike in the stock price as well. There we should not expect any fireworks although but my sense is that it can easily go up to Rs 200-210 if somebody holds with two to three year perspective."

"It is a slow moving stock and books half of profit when the stock reaches about Rs 180-190 and invests elsewhere, that won’t be a bad strategy at all. However, at these prices I think that valuation is not at all stretched and it is a safe stock to be in such markets," he added.