We are only conducting Seminars to make Professional Traders. Join Now for Bangalore, Hyderabad and Chennai Seminar.

Why ONGC Stake Sale Has Not Taken off?

ONGC stake sale was an effort by the govt to bridge the gap between the fiscal deficit before the budget and now it has not taken off and analysis of same suggests the following reasons:

  • Price band of Rs 290/share is at a 6% premium to its current market value.
  • ONGC bears 38% subsidy burden instead of earlier 33% on behalf of oil marketing PSUs who sell petroleum products at government stipulated prices.

The auction for the sale of Government's 5% stake in ONGC today got bids for 29.22 crore shares worth about Rs 8,500 crore, but could fetch only about two-third of the targeted proceeds of over Rs 12,000 crore. The auction got bids for 19.92 crore shares on the NSE and about 9.3 crore on the BSE, exchange officials said. The total number of shares on offer were 42.7 crore shares.

Disinvestment of profit making PSUS should be only taken as a last resort and govt should be atleast realistic while pricing the stake sale. if the sale is at a higher price than prevailing market price, than one has to be out of the senses to buy in stake sale.

Bookmark us for best stock market tips and make money with our daily one sure tip of the day.

Most Visited Stocks - Click to Visit Link


"First off all, I just want to say that your service is excellent – by far the best tips service I have encountered and quality of your Jackpot tips is really good and noticed that now I am getting daily profit. I can say that it makes a difference to choose the correct tips provider and it was my luck that I stumbled on your website."

- Rajesh


We Compliment you for becoming a part of mega family of more than 12 Lakh Smart Traders who are getting benefitted with our services worldwide. We assure You that we will deliver more than what we promise. Do remember to leave questions and Feedback. Your Success is Guaranteed with us!

You can Contact us through Contact Box provided on website or You can call us at 09358493584 or Email at info@indian-share-tips.com. You can make Online Payment through Payment Gateway installed on the website as we offer you the highest standard of security currently available on the Net so as to ensure that your online transaction is Private, Safe and Secure.

We Teach and Train our Clients First Before Joining as we want to make sure that clients trade in market as a thorough professional. Charges if any being paid by you are for the teaching and training and Trade Ideas given are provided free with the teaching and training and we do not charge any amount for it. If you can not join the seminar; you can learn from us via mobile and email. Your Joining with us is purely for educational purpose. Your joining is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad Seminar. Call Now at 09358493584.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9