Ajay Srivastava, CEO of Dimensions Consulting told CNBC-TV18, "One must buy oil marketing companies because that is where you are going to make your money. Oil prices worldwide are on a downswing. You have already seen this close to USD 91 per barrel. Although India has not got so much benefit of that thanks to rupee-dollar."
He further added, "You tend to keep away from ONGC at this point of time. You can look at Cairn India because the volume expansion is going to be quite substantial. Oil marketing companies are there for the picking. I think one or two years down the line, these stocks could be almost doubled the way liberalisation is taking place."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
