At current levels one can buy cairn India: Ambareesh Baliga
One can be positive about Cairn India at this point of time as we can expect the output from the company to increase.
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| Updated: Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd in a chat with ET Now gives his views on Cairn India
ET Now: Cairn India has got a thumbs up from CLSA which has upgraded the target. What’s the call in the stock?
Ambareesh Baliga: One can be positive about Cairn India at this point of time: 1) Due to oil prices, which are not going to come down in a hurry. 2) Also, we can expect the output for Cairn India to increase. At the current levels one could look at buying the stock.
ET Now: Cairn India has got a thumbs up from CLSA which has upgraded the target. What’s the call in the stock?
Ambareesh Baliga: One can be positive about Cairn India at this point of time: 1) Due to oil prices, which are not going to come down in a hurry. 2) Also, we can expect the output for Cairn India to increase. At the current levels one could look at buying the stock.
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