Buy BPCL: Vijay Bhambwani

In an interview to ET Now, Vijay Bhambwani, BSPLindia.com gives his view on BPCL

What are your recommendation for BPCL?

I am expecting a mild bounce in the oil marketing companies, a) because the crude oil prices show signs of either cooling off or consolidating here, b) the rupee is showing some semblance of short term stability.

Buy BPCL below the 495 levels, holding with a stop loss at 488. Expect to book profits at between 508 to 510, not necessarily today itself.