Explained - Why Oil india's 'large' valuation premium over ONGC appears 'indefensible' to Kotak

Shares of state-run oil and gas companies Oil India and Oil and Natural Gas Corporation (ONGC) have taken sharply different paths this year, with ONGC significantly underperforming Oil India despite both companies benefiting from higher global crude and gas prices.In a September 21 report, Kotak In…