Bullish on Selan Exploration: Jagdish Malkani

In a chat with ET Now, Jagdish Malkani, Member NSE & BSE, shares his views on oil and gas space. Excerpt:

ET Now: What is it that you would be doing with the oil and gas basket then?

Jagdish Malkani: Oil and gas will again start to look good.

I should mention there is a small stock Selan Exploration which has been doing extremely well. It is a small cap but it has moved pretty much on the trot. They have been doing very well in Gujarat and on various parameters if you look at the valuation of what they have it still looks very inexpensive and even though it is closed to its all time high, the stock looks good.