Sell Gujarat State Petronet: Kamlesh Kotak

Sell Gujarat State Petronet, says Kamlesh Kotak, Asian Market Securities.

Kotak told CNBC-TV18, "We recommend a sell on Gujarat State Petronet. Its results are expected to be muted because of non availability of gas from KGD6 basin, which will impact the company's volumes, realizations also are tapering off because of the new gas tariff policy. We see there is no ramp up in the near future of the company's profitability and the stock may correct to Rs 95 level in response to its quarterly numbers."