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Analysts’ picks: ONGC

Posted on: May 9th 2009 in Stock Views.

CMP: Rs 882.90 Target price: Rs 630 Goldman Sachs has reiterated its ‘sell’ rating on ONGC with a 12-month target price of Rs 630, citing regulatory uncertainty and muted volume growth as the main concerns. “We continue to believe that key positive catalysts for the stock, such a…

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