All of these are drilling oil for India's future. If they strike OIL , shareholders become rich if not they go nowhere.So where should I put money ?
I am sure that oil price will go higher in future. Middle east will remain unstable and nuclear development by Iran could create more tension between Israel and other neighbor. Any tension in middle east will take OIL prices to record high. Of course these are my predictions.
Now these stocks can be evaluated based on risk rewards and current valuation. Cairn is cheapest in terms of market cap but might not be real cheap.
1. Reliance Industries Ltd
2. ONGC Ltd
3. Cairn India Ltd