A lot of potential upside in OMC stocks: Sajiv Dhawan, JV Capital Services

Sajiv Dhawan, MD, JV Capital Services, in a chat with ET Now talks about OMCs.

Purely from a trading perspective what are your sensing for some of these OMCs and how much headroom would you now be factoring in?

Since decontrol news, we have been very bullish on the stocks. We got them may be a few per cent higher on that particular day but stocks had a fantastic run up. Even when the markets are relatively quiet despite a huge profit taking which is coming long into these stocks from may be some of the domestic institutions, there is enough demand and we do feel that there is still a lot of potential upside in these stocks.

The stocks have been rerated for large extent but there is a huge potential now given the fact that government has made a very big decision.