Pick Bharat Petroleum Corporation: Vishal Jajoo

Vishal Jajoo, of Nirmal Bang Commodities told CNBC-TV18, "Amongst oil marketing companies, Bharat Petroleum Corporation (BPCL) would be a better pick. We are already seeing the under recoveries right now at 10 year low level of around Rs 1.5 and the way things are moving out they would be gradually phased out."

"Markets would also be looking at the gas pricing thing which should hopefully be out by September 30th. If they don’t meet their deadline then to my understanding the election code of conduct would also come into picture because we have certain states going into the election mode. Lot of things are happening and this could turn out to be big positive for overall oil and gas space," he said.