6 month horizon fir stock as per my calculation 180 to 239
H
India is trying to get close to USA for defense purposes. USA wants to get it's foot in the door in India's energy market. Modi needs all the cash he can get to get out of the economic slowdown. USA Oil Giant Exxon Mobil and ONGC have already signed expertise-sharing agreement. If Modi sells ONGC to Exxon, he can easily get book value or more. While this is going-on Chevron, BP or Shell could also jump into the race to drive the price higher.
USA wants to get it's foot in the door in India's energy market.
Modi needs all the cash he can get to get out of the economic slowdown.
USA Oil Giant Exxon Mobil and ONGC have already signed expertise-sharing agreement.
If Modi sells ONGC to Exxon, he can easily get book value or more.
While this is going-on Chevron, BP or Shell could also jump into the race to drive the price higher.