Buy Petronet on dips: Anu Jain

Anu Jain, VP, IIFL, Private Wealth Management in an interview with ET Now gives her outlook on Petronet LNG.

What is your take on Pertonet LNG?

Petronet essentially I would say that after giving a big move up on the day previous to that it has corrected and it given up at least more than half of the gain so it could basically correct a little more and I would say there is support closer to the 117 odd levels.

I would say that the bias is definitely positive so would use into that because even in the oil and gas side we are seeing at dips good buying coming into it so GAIL is looking good. ONGC on dips is attracting some buying. Reliance is in a range but not really contributing so I would say that Petronet on dips could be a good buy.