In the oil and gas space, Reliance Industries looks attractively valued
now, with expansions in petchem and the E&P segment likely to be key
driver, says Sanjeev Prasad of Kotak Institutional Equities. Referring
to the war of words between Cairn and ONGC, he says the two companies
need to decide on exploiting the Barmer block. The organization has an
'Add' rating on Cairn and a 'Buy' rating on ONGC as both companies have
good valuations, he says.
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