Prefer BPCL among oil marketing stocks: Mehraboon Irani

In a chat with ET Now, Securities, Mehraboon Irani, Principal & Head- Pvt Client Group Business, Nirmal Bang, shares his view on stocks of oil marketing companies.

ET Now: What is your view on oil marketing stocks?

Mehraboon Irani: Nifty had fallen from 9,000 to 8,000 level. Now, the index has recovered to 8,500. During this phase, most of the growth stocks, if you ask me, are fully or correctly valued. Buying into BPCL, HPCL or for that matter Jet Airways is a difficult call even as ease in oil prices is a positive factor for these companies.

That said, we continue to like stocks of oil marketing companies. I feel that among the oil marketing companies.

I will stick to BPCL rather than trying anything. Having said that, I am not going to put more money into this particular stock at the present level.