Long-term investors should hold OMC stocks: Seshadri Bharathan

In a chat with ET Now, Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd., talks about the outlook of OMC stocks.

What is your sense on the OMC lot?

We might have seen short term profit booking happening in some of these stocks but for longer term view, these stocks trade around 1.1 times their book value. As the government gives more clarity on diesel deregulation, we might see some of these FIIs buying into some of these stocks. In the short term, we might see some profit booking happening in these stocks but if you are a long term investor, you should hold on to these stocks.