Buy Cairn India: PN Vijay

Investment Advisor, PN Vijay advises to buy Cairn India as it seems to be one of the most promising refinery stocks right now.

Vijay told CNBC-TV18, "I would still continue to buy Cairn we have been buying that for the last three months. I feel that’s a re-rating story that’s going on. Reliance of course is an old well established player and ONGC is troubled by the subsidiary issue though it’s a great company. So Cairn is where excitement is, where growth is though it has run up a lot and as the chartist were saying that it may correct a way bit but Cairn seems to be one of the most promising refinery stocks right now."

Disclosure: It is safe to assume that analyst and his clients may have an interest in the stocks/sectors discussed.