Cairn India looks very attractive, says Chhaochharia

Gautam Chhaochharia of UBS India feels Cairn India looks very attractive as there is some visibility in terms of production ramp up ahead.
 
Chhaochharia told CNBC-TV18, “We have been bullish on Cairn India but it has not worked for us till now. The stock looks very attractive and there is some visibility in terms of production ramp up ahead.”
 
“But, I think the market has been worried about the change in management that took place a few months back and recently some concerns on their ability to ramp up in a very short timeframe. I think these concerns will disappear over the next three-to-six months and the risk-reward at current valuations looks very attractive,” Chhaochharia added.