May 21, 2013, 07.14 PM IST
Sharmila Joshi, Head of Equity of Peerless Securities advised holding Oil India. She said one could take a call when the stock moves close to Rs 600 level.
Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, “This whole sector is in an up trend. We are seeing crude prices come off. Between the three stocks he spoke of Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation ( ONGC ) and Oil India; and my choice would be between ONGC and Oil India .”
"I wouldn’t think of GAIL at this point in time. I would look at Oil India maybe with a target of about Rs 625, but I like ONGC too at this price. So, for the moment, definitely stay Put with Oil India and then take a call when it gets closer to that Rs 600 level,” Joshi added.
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