ONGC: Key crossover hints at more gains for ONGC

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Mumbai: Oil and Natural Gas Corporation (ONGC), a late entrant in the Dalal Street’s recent bull party, is showing promise after moving in a tight band in the past six months. Analysts said shares of the oil explorer, which soared 6.2 per cent to Rs 80.80 in a weak market on Wednesday after global crude prices firmed, broke past key technical hurdles in the trading session. Now, the stock is poised to advance as much as 15 per cent soon.ONGC

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