Buy Petronet LNG at 162: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com in a chat with ET Now shares his views on Petronet LNG

What is the call on Petronet LNG?

Petronet LNG is showing some kind of movement after a whole week of lethargy. So I would attempt to buy it at 162 and hold it with a stop loss at 160.

I would expect to book profits at 165. Petronet does tend to go up and encounter resistance and then simply fizzle out during the day itself.