No bullish take on oil marketing space: Ambareesh Baliga

In case the Finance Minister had announced the price hike because of the Kirit Parikh panel report possibly we could have turned a bit bullish on oil marketing companies.

Ambareesh Baliga, VP, Karvy Stock Broking Ltd in a chat with ET Now talks about the oil marketing space.

The announcements in the oil marketing space came a little soon from the Finance Minister. What do you do with this pack an IOC, BP,HP?

At this point of time we are not bullish on these companies. In case the Finance Minister had announced the price hike because of the Kirit Parikh panel report possibly we could have turned a bit bullish on these marketing companies but not right now.
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