Why Does Vinod Modi Of Sharekhan Have A Positive View On ONGC From A Long-Term Perspective?

The impact of crude oil prices on ONGC is undeniable, but as Vinod Modi of Sharekhan emphasizes, the company’s long-term prospects remain strong. ONGC’s strategic initiatives, solid fundamentals, and efforts to diversify its portfolio make it a promising investment for those with a long-term view. While crude oil prices will continue to influence its short-term performance, ONGC’s ability to adapt and grow in a changing energy market is likely to drive sustained value for shareholders.