Buy Petronet LNG, advises Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "Petronet LNG of course had that huge chunk of equity having to get out. In fact, I am quite surprised that Petronet has not succumbed to that selling pressure because the band expected was Rs 417 on the lower side all the way to Rs 440 and most trades seem to have happened at about Rs 430. Petronet, out of the two definitely stands, warrants attention and you could, if you are fine buying it today because it is a good opportunity, this is no fundamental reason for the stock to be down."

"For GAIL India, I am not too sure whether the concerns raised in that report are something that could impact it right away. It has ample time to recalibrate its business model, tweak it wherever it is possible. So it is a bit too long drawn. It is not something that I am very worried about, but I would not buy into it because I would believe that pressure, sentimentally would weigh down the stock maybe a couple of more sessions. But Petronet definitely, today is a day to buy if you were to add that stock to the portfolio," he said.