Stock Shastra

ONGC Ltd. is the only fully integrated Petroleum Company in India, operating along the entire hydrocarbon value chain. It holds largest share of hydrocarbon reserves in India, and contributes over 79% of India’s oil and gas production.

The government has been planning to sell 5% of its stake in the company in order to achieve its divestment target. However, this plan has not fructified for quite some time now. With the long due FPO nowhere in sight and the subsidy burden eating into its coffers, should you invest in this company??