Positive on oil marketing companies: Nischal Maheshwari

Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities told CNBC-TV18, "We continue to remain positive on oil marketing companies though they have run quite a bit actually. They are almost two or three times up from the bottom. At these prices, I think basically most of these stocks should do around 20-25 percent kind of return from these levels. However, the upside in these stocks continue to be coming in from the premise that oil is going to continue to remain at around USD 50 or USD 50-60 something kind of a number there.""If oil remains there, I think you have got most of the downsides as far as the subsidies were concerned, which already is getting passed on for the LPG. Government is now talking about subsidies being passed on for kerosene. So, if kerosene also comes through, I think these stocks are going to do pretty well going ahead also," he said.