Lot of money cannot be put in energy: Rajan Malik, Philip Capital PCG

In a chat with ET Now, Rajan Malik, Head Equities, Private Client Group, Philip Capital PCG, shares his views about the energy sector.

ET Now: What about energy right now because that as a theme is also playing up?

Rajan Malik: It is one sector where a lot of money cannot be put in because of the government intervention. You really do not know which way policy will go. So it is a trade that you have to take based on daily movement in international prices, based on what is happening and what are immediate forecast for the future is, we would like to buy the OMCs but this is not one sector where you can be very overtly bearish or bullish because you do not know what the government will do.