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ONGC stock at a PE of 4 times traded at 50 per cent discount to its 10-year average of 8.1 times. State-run BPCL also traded at a 45 per cent discount, with PE of 5.1 times against 10-year average of 9.2 times.
Amid stiff competition in the health insurance market, investors will watch if the company can sustain growth in gross direct premium income in FY24.
Experts expect that RBI's monetary policy committee will keep its key policy rate -- repo rate -- unchanged in a bid to contain inflation.