We are still holding on HPCL: Kunj Bansal

Kunj Bansal, CIO, Sanlam India shares his view on HPCL in a chat with ET Now:


ET Now: Last time when we interacted with you, you were bullish on HPCL are you still holding on to your exposure to HPCL or you have sold it?

Kunj Bansal: No question of selling it especially when it has corrected. We are still holding on and in fact we added some in between at some point of time in correction may be higher than the current price but we did and we are still holding on. It is a slightly medium term call that one has to take because if there were to be any knee jerk reaction to the government policy that had happened in the February and we saw and after that in fact the whole space of oil and gas corrected, in fact corrected sharply partly in line with the market, partly may be because they were over bought and things like that so one has to hold on. One has to have a belief that finally government has done something and will continue to stick to it and as a result these companies fundamentals will improve significantly.