Hold stocks of oil marketing cos: Avinash Gupta

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about oil marketing stocks.

What would you do with the oil marketing pack, clearly when the stocks have been beaten down close to 5% to 6%?

Avinash Gupta: As far as these stocks are concerned the market were seeing this as a more of a affirmation of the reform process going forward and market was looking from that angle. As far as now the current stocks are concerned, these have been news driven depending on what the government takes the view. As of now one should hold the stocks and wait for the positive news to come.