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."

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