Deadpresident's Valuepicks

Buy ONGC - India's most valuable company with the largest market capitilization is a easy pick for any investor for a medium to long term horizon. At around 825, its trades a P/E of 13. This year has been a boom for ONGC thanks to the high crude oil prices and will continue to be hugely profitable as long as crude hovering above 35-40 $.

A net PAT of 103% this quarter was stupendous showing by this Oil Giant and would have been higher if not for subsidies. There is also talk about other downstream companies being merged with ONGC which will drive up profitability. This stock has not participated in the current rally and can't be ignored for too long. Pick and reap profits now !