ONGC - Buy

Latest Quotes | News/Announcements | Quarterly Results | P&L |Price History The state-owned oil and gas major remains a safe bet in the current turbulent times, thanks to its robust balance sheet, inexpensive valuations and attractive dividend yield despite the compulsory subsidy sharing that's eroding profits. In the past one month, it has hardly fallen although the Sensex has lost 13.7%. If global oil prices fall due to another recession, ONGC stands to benefit as realisations will go up.

The stock has been under performing during the last 1 year as evidenced by the prices given below during the last 1 year

Time Span	Price	Change	%Change
Today	278.00	-4.20	-1.48
Week	275.75	6.45	2.33
Month	276.40	5.80	2.09
Three Months	283.00	-0.80	-0.28
Six Months	262.95	19.25	7.32
One Year	320.24	-38.04	-11.87

Investors with long term horizon should buy the stock on steep declines to Rs.250 levels and hold for a good return over a period of 1 year. With the fall in crude prices the scrip will gain and the reduction on subsidy burden on petrol and diesel will a positive trigger for the scrip.

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