We look at five economic and financial aspects of the company each quarter for the stock price valuation and have developed a valuation technique called 'Pancha Tattva Stock Teknik'. This is same interplay as exists with nature's five elements namely Earth, Water, Fire, Air and Sky. Each valuation should be assessed in terms of a delta change from neutral value of 1000 points. Higher the value, the better is the stock and the market price may be due for appreciation above neutral value.

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Monday 21 December 2009

ONGC on Stock Oracle

ONGC has announced payment of Rs 18 as interim dividned. This is almost 1.5% of the CMP of Rs 1180 and indicates sound finances of the company. If total dividend for the year gives yield of 3.5%, the ONGC share price should settle between 1450 to 1700. In this light you may buy it.
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