1. I am optimistic on the prospects of ONGC as oil prices is spiralling high and thus one can get close to 25% returns which can be called as a risk free returns in the Indian stock market.
2. My faith in ONGC for long term investors stems from the fact that presently stock is trading at a forward P/E valuation of 9.3 times of its FY08E and is trading at 8.1 times of its forward P/E for FY09E.
3. Thus one can safely say that ONGC will have a price of Rs 1236 for FY09E and thus one can get a safe return close to 25 percent in an years time frame.
Happy Long term investing.
Subscribe Here to Get Free Indian Millionaire Potential Stocks in Your Email Inbox Free Of Cost.
2. My faith in ONGC for long term investors stems from the fact that presently stock is trading at a forward P/E valuation of 9.3 times of its FY08E and is trading at 8.1 times of its forward P/E for FY09E.
3. Thus one can safely say that ONGC will have a price of Rs 1236 for FY09E and thus one can get a safe return close to 25 percent in an years time frame.
Happy Long term investing.
Subscribe Here to Get Free Indian Millionaire Potential Stocks in Your Email Inbox Free Of Cost.
