BPCL only a trading bet at lower levels: Ambareesh Baliga
That could be one small trigger for the stock to bounce back. So, it is only a trading bet at lower levels.
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| Updated: In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt Ltd, shares his views on BPCL.
ET Now: On the charts BPCL?
Ambareesh Baliga: Do not consider any of the OMCs as investment stocks because of the subsidy issue. But, then this correction could be utilised to buy into BPCL, because we are expecting a diesel price hike over the weekend. That could be one small trigger for the stock to bounce back. So, it is only a trading bet at lower levels.
ET Now: On the charts BPCL?
Ambareesh Baliga: Do not consider any of the OMCs as investment stocks because of the subsidy issue. But, then this correction could be utilised to buy into BPCL, because we are expecting a diesel price hike over the weekend. That could be one small trigger for the stock to bounce back. So, it is only a trading bet at lower levels.
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