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As container lines face a surplus of equipment Richard Butcher, of Global Equipment Management, writes that it's ‘time to start thinking outside the box’.

Buy ONGC or stick to IT names? ONGC and similar companies need to be avoided. There would be very good trading rallies depending on oil prices, government action and maybe because of base effect or higher gas prices. But at the end of the day, these are not great compounding stories and once you start investing in the likes of ONGC, you tend to miss out on good quality secular growth businesses which could be in IT or pharma. At least long term investors should be invested where there is a great scope for stocks to double, triple over a three, five-year timeframe. ONGC is certainly an avoid f...