SP Tulsian of sptulsian.com told CNBC-TV18, "I am taking a positive call on Cairn India. Crude can rise to USD 115-118 a barrel because of the geopolitical tensions, but it is really very strange that one doesn't see the benefits getting percolated atleast to one stock which seems to be the direct beneficiary. People have now again started talking the Cairn performance. Rs 37,000 crore debt has been assumed by Sesa-Sterlite for acquiring the stake, but that is not going to affect the performance. So, I don't think that there is any rationale prevailing."
"Cairn looks really a good stock to buy because one doesn't have any kind of subsidy sharing," he said.
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