Gautam Chhaochharia bullish on Cairn India

Gautam Chhaochharia, UBS India is bullish on Cairn India. The stock looks very, very attractive and finally seeing some visibility coming through in terms of production ramp up ahead.

Chhaochharia told CNBC-TV18, "We have been bullish on Cairn India and it has not worked for us till now. We have been bullish on the basis that the stock looks very, very attractive and you are finally seeing some visibility coming through in terms of production ramp up ahead."
He further added, "I think the market has been worried about the change in management a few months back and recently some concerns on their ability to ramp up in a very short timeframe. But I think these concerns will go away over the next three to six months and the risk-reward given where the valuations are look very, very attractive to us."