Stocks To Buy In May: Market expert Rakesh Bansal has shared two stocks to buy in the month of May for bumper returns. In a YouTube live video, Rakesh Bansal said that he recommends Oil India and ONGC to the investors for this month.
Notably, both Oil India and ONGC are PSUs and leading upstream oil companies in India. Both are producers of crude.
Oil India is a Maharatna PSU under the Ministry of Petroleum and Natural Gas. Oil India is the second-largest national oil and gas company.
Oi India Share Price Target 2026 | Stocks To Buy
Rakesh Bansal said that Oil India is a natural beneficiary of high crude oil prices. Its primary business is the exploration, development, and production of crude oil and natural gas.
Rakesh Bansal said that Oil India shares have the potential to cross the Rs 600 levels in May. Oil India's share price target of Rs 600 implies an upside of more than 20 per cent from May 4's closing of Rs 477.
Oil India shares have gained 12 per cent in 2026 so far and 1 per cent in the last one year. Oil India has a dividend yield of 2.5 per cent.
ONGC Share Price Target 2026 | Stocks To Buy
On ONGC, Rakesh Bansal said that ONGC is looking attractive at current levels, while noting that it is a leading Maharatna PSU with a focus on exploration and production of oil and natural gas.
CDSL dividend: Rs 12.75 declared in Q4 results
ONGC operates under the administrative control of the Ministry of Petroleum and Natural Gas.
ONGC shares on May 4 closed at Rs 292.20. ONGC shares have climbed 23 per cent in 2026 so far.
