Raamdeo Agrawal, Director and Co-founder, Motilal Oswal said,
That the pessimism in oil marketing companies (OMCs) was over and OMCs are rallying as positive moves are expected in the stocks now. He added that Cairn will see large cash flows from now and that the Gas Authority of India Limited (GAIL) will benefit from flow of KG Basin gas.
That the pessimism in oil marketing companies (OMCs) was over and OMCs are rallying as positive moves are expected in the stocks now. He added that Cairn will see large cash flows from now and that the Gas Authority of India Limited (GAIL) will benefit from flow of KG Basin gas.
Agrawal is positive on the domestic business of Tata Motors. However, he was quick to add that JLR is a 'hanging sword' for the company. He further said that it would be difficult for Tata Steel to negate the Corus losses.
RIL
He is bullish on Reliance Industries Limited (RIL) for its long-term positives. “RIL,” he said, “will be the market performer in the near-term.’
Bharti :
The Bharti-MTN deal, Agrawal advised investors to remain invested in Bharti as, according to him, the MTN deal will be a transformational one.
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