Cairn, a great stock to hold for medium to long term investments: G Chokkalingam

In a chat with ET Now, G Chokkalingam, Executive Director & Chief Investment Officer, Centrum Wealth Management shares his view on cairn:

ET Now: Cairn has come down to 274 are the concerns overdone or do you believe this is a good correction?

G Chokkalingam: Certainly overdone, it is very unfortunate that the market is not able to reward the company because it is a largest oil producer in India is a perennially scarce of oil and debt free company and sitting on huge cash and they are talking of further upside to the oil production. At current price it is a great stock to hold for medium to long term investments.