Bullish on Cairn India: Sajiv Dhawan
"From an investment perspective, I would look to buy on the dips and certainly if I had a patience stance, then remain invested and maybe we got 380 levels, then look to take some profits."
By 
|
| Sajiv Dhawan, MD, JV Capital Services in an interview with ET Now talks about Cairn India.
What are your views on Cairn India?
Sajiv Dhawan: With a vested interest, we have been bullish on the stock right from 260-280 levels. The reason also on that has been because we expected oil prices to firm up and Cairn to be a beneficiary indirectly or directly as a proxy to oil prices coming up.
The news has obviously been very positive for the stock. The stock has been quite news based. It has been inching up anyway over the last few months. At the current price level if you will trade it, the temptation for sure would be to take some profits but you have may be a 15% movement in a very short span of time and there could be a lot of news flow positive and negative over the next few weeks, next couple of months regarding the deal.
If it goes through, it should be very positive for Cairn shareholders, they are likely to get a better stock price. So from an investment perspective, I would look to buy on the dips and certainly if I had a patience stance, then remain invested and maybe we got 380 levels, then look to take some profits.
What are your views on Cairn India?
Sajiv Dhawan: With a vested interest, we have been bullish on the stock right from 260-280 levels. The reason also on that has been because we expected oil prices to firm up and Cairn to be a beneficiary indirectly or directly as a proxy to oil prices coming up.
The news has obviously been very positive for the stock. The stock has been quite news based. It has been inching up anyway over the last few months. At the current price level if you will trade it, the temptation for sure would be to take some profits but you have may be a 15% movement in a very short span of time and there could be a lot of news flow positive and negative over the next few weeks, next couple of months regarding the deal.
If it goes through, it should be very positive for Cairn shareholders, they are likely to get a better stock price. So from an investment perspective, I would look to buy on the dips and certainly if I had a patience stance, then remain invested and maybe we got 380 levels, then look to take some profits.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Expect markets to remain volatile in short term: Sajiv Dhawan, JV Capital Services2014-02-10T11:56:52Z- Market may move up further if things improve in US: Sajiv Dhawan, JV Capital Services2013-10-09T14:53:19Z
- Difficult to say 90% of market fall is over: Sajiv Dhawan, JV Capital Services2013-08-28T11:56:27Z
ADVERTISEMENT
