Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said
The government has set a divestment target of Rs 69,500 crore for this fiscal in the Budget, and Johri felt this was achievable as every single stock on offer were bluechips.
She does not see another disinvestment in Coal India for at least the next six months.
Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, she said.
Johri said the Central Public Sector Enterprise (CPSE) exchange traded fund will be revamped so as to make it more investor friendly.
ONGC stock price
On April 13, 2015, at 11:12 hrs Oil and Natural Gas Corporation was quoting at Rs 311.15, up Rs 1.40, or 0.45 percent. The 52-week high of the share was Rs 472.00 and the 52-week low was Rs 301.00.
The company's trailing 12-month (TTM) EPS was at Rs 21.84 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 14.25. The latest book value of the company is Rs 159.81 per share. At current value, the price-to-book value of the company is 1.95.
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No sell-off in Coal India for next 6 mnths: Divestment Secy
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