Buy oil marketing companies, says Baliga

Independent Analyst Ambareesh Baliga advised buying oil marketing companies at current levels. According to him, these stocks should be the best bets.
 
Baliga told CNBC-TV18, “In oil and gas, the oil marketing companies (OMCs) should be the best bets because they have been ignored by the market for so many years. We have only seen some move in the last four-five weeks after the change in the whole game plan for this sector.”
 
“At these levels, it makes a lot of sense because it is just the beginning of the move for the OMCs (BPCL, IOC, HPCL). We have seen some correction in the last one week to ten days, so these are the levels to start buying.”