Pick ONGC, advises Abhijit Paul

Written By Unknown on Selasa, 17 Juni 2014 | 16.02

Abhijit Paul of Alphative Advisors is of the view that one may pick ONGC over Reliance Industries.

Abhijit Paul of Alphative Advisors told CNBC-TV18, "Oil & gas space after a pretty long time have moved into intermediate to long-term uptrend. The oil marketing companies (OMCs) have played fairly well. It is time for most of these stocks and the sector per se to correct a bit."

" Reliance Industries and ONGC  definitely are the two stocks which have pretty medium to long-term charts. ONGC stands out as compared to RIL but if I have to pick one stock then probably my pick would be ONGC," he added.

(Disclosure: Reliance Industries has made an open offer for the takeover of Network18, which owns Moneycontrol.com and other digital, print and TV channels).


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