Stay invested in BPCL, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "I think for most oil marketing companies, the softer crude prices are going to benefit them and if one can hold on for the next six months, I would presume that most of the OMCs including Bharat Petroleum Corporation (BPCL) would be showing good gross refining margins (GRMs) and since it has also got presence on the oil and gas business, I would presume that in the longer-term this definitely presents a better opportunity than other OMCs, so one should hold on."

"I would presume that if one can hold for the next six months, he/she could get a decent kind of risk reward ratio," he said.