How do you look at the oil marketing companies currently in light of even what's happening with crude?
It is an interesting place to be in. You must definitely have some exposure to those in the portfolio because that's the best play on crude oil and probably they will be the fastest to recover if price of crude slips below 100 or 95, which is the magic figure as far as we are concerned in India from a subsidy point of view. It is definitely a must have in the portfolio and the issue really is do you hold an IOC type of a name or do you hold a pure play upstream marketing company and that's really an individual investor call.
It is an interesting place to be in. You must definitely have some exposure to those in the portfolio because that's the best play on crude oil and probably they will be the fastest to recover if price of crude slips below 100 or 95, which is the magic figure as far as we are concerned in India from a subsidy point of view. It is definitely a must have in the portfolio and the issue really is do you hold an IOC type of a name or do you hold a pure play upstream marketing company and that's really an individual investor call.