ONGC is a safe bet below Rs.700

Reports are saying that ONGC a largest Indian oil explorer has grant the approval from Russia Govt to buy to purchase Imperial Energy for the $2.58 billion deal ONGC's controlled company Jarpeno Ltd has acquired 100 percent stake in London based Imperial energy. ONGC is the strong PSU having wide operations across the world. ONGC shares are trading at Rs.741.60. Wait for another dip in stock market to grab ONGC at better below Rs.700 level.(thebullishtrends)