Market is chasing anything related with Gujarat or Modi: Jagdish Malkani

In a chat with ET Now, Jagdish Malkani, Member NSE & BSE, shares his views on Gujarat Gas.

ET Now: Gujarat Gas has been much interest in Gujarat based companies, do you fancy 420?

Jagdish Malkani: Anything with the name Gujarat in front is rocking but no Gujarat Gas used to be a great company in the days of British Gas, now it is part of the GSPC. I am not sure of any specific news but clearly it is one of the better Gujarat companies and the market is just chasing anything with remotely Gujarat or Modi connection.

ET Now: What do you do as an investment case in BP, HP, or IOC, would you buy any of them?

Jagdish Malkani: I gave up long ago on these. I always say that these are among the three most tragic sort of companies in a stock market so in terms of sheer destruction of value anywhere else in the world it should be much much a bit like Coal India frankly.