Cairn India a good opportunity: Prashastha Seth

In a chat with ET Now, Prashastha Seth, Senior Fund Manager, IIFL Wealth, talks about Cairn India.

How do you view a Cairn India right now?

It looks good. The oil prices are expected to remain high at least for the next 2 or 3 months. So if you look from that perspective, Cairn India looks good and there is this hangover with respect to the deal. Once that gets over, you could probably see a decisive move from these levels for Cairn. Right now given the way the markets are and the fact that oil is expected to be strong and this deal might just pass through, Cairn looks interesting opportunity at this point of time