OMCs look attractive, says Sachin Shah

Sachin Shah, Fund Manager at Emkay Investment Managers told CNBC-TV18, "The oil marketing companies are looking fairly attractive and it is just to more to do with overall corrections in the market. Broadly, I think OMCs certainly look very attractive on a next two to three years basis. Very clearly they have been doing well for the last one year or so. Their working capital cycle has got better now and the way things are going, they will continue to do fairly well in terms of their earnings growth which should be very strong for the next two years."At 12:50 hrs Bharat Petroleum Corporation was quoting at Rs 832, up Rs 11.25, or 1.37 percent. It has touched an intraday high of Rs 837.90 and an intraday low of Rs 820.