Strengthening in dollar, beneficial for oil marketing companies: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about oil marketing companies.

What is your take on oil marketing companies?

I think we have seen that the crude oil prices are inversely related for OMCs. So whenever crude oil prices come down, we have seen the stock price of OMC going up. The sense that we are getting is as and when US dollar strengthens, we will see sell off happening in commodities and that’s beneficial for OMC companies.