Vijay told CNBC-TV18, "Petronet LNG is a good stock. I think the business model is very good, but again its run-up too much. One would hold it. These are certain stocks which you would hold for example. They have come down a lot, they have gone up a little bit, not wasting he loss in 2011. There is no point that the long-term investor in seeing them. But you don't add them because they may fall another 4-5%."
He further added, "So Petronet LNG comes under that category. But on the whole I would say that the midcap arena has seen huge amount of buying and I think quite a lot of that is not justified at the pace which it has gone. So the general thing in the midcap is be very, very cautious because you maybe really caught off guard."
