No re-rating for some oil stocks: Harendra Kumar, Elara Capital

The news about ONGC investing in IOC pretty cancels the positive development in terms of the oil gas price hike that would have played into the EPS numbers of ONGC.



from Stocks-Markets-The Economic Times http://economictimes.indiatimes.com/markets/stocks/views/recommendations/no-re-rating-for-some-oil-stocks-harendra-kumar-elara-capital/articleshow/28730004.cms