Buy GSPL on dips: VK Sharma, HDFC Securities

In a chat with ET Now, V K Sharma, Head of Business, Private Broking & Wealth Management HDFC Securities, talks about GSPL.

ET Now: What are your thoughts on GSPL?

VK Sharma: It is a good stock for anybody to own with a perspective of three to five years. Primarily, because the largest concern going for GSPL today is that KG basin is not producing that kind of a gas, so therefore what kind of volumes this company is going to carry. My own contention is that it is a much better company as compared to GAIL because the kind of projects in hand in the next three years. And if tomorrow Reliance and BP are able to put their gas distribution company in place then obviously they will need the help of GAIL and GSPL to carry it forward ultimately. So in that perspective, the going is good and one should buy this company at dips.