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Investment Advisor SP Tulsian is of the view that one should stay invested in ONGC.

“ONGC has been hovering in a range of Rs 1,000 to Rs 1,100 and it has been classic scrip for the traders. If you buy at close to Rs 1,000 and right now it is ruling at close to Rs 1,030, which makes it in an ideal buy and it has all the potential though the market has gone down so much inspite of this has been holding this level. It has all the potential to bounce back to about Rs 1,100 may be in a week or may be a fortnight’s time may be in this October series itself. So my advice is clearly remain invested, no need to panic.”

Disclosure: Analyst doesn’t hold the above stock.

Source : MoneyControl

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