Manishi Raychaudhuri positive on Cairn India

Nov 23, 2013, 12.13 PM IST

Manishi Raychaudhuri of BNP Paribas is positive on Cairn India.

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Manishi Raychaudhuri of BNP Paribas is positive on Cairn India.

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Manishi Raychaudhuri positive on Cairn India

Manishi Raychaudhuri of BNP Paribas is positive on Cairn India.

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Manishi Raychaudhuri of BNP Paribas told CNBC-TV18, "We are positive on Cairn India . The only thing is it has run up very sharply on the back of the buyback news."

"Oil is one commodity which is characteristically different from the other commodities like the base metals where close to about 50-60 percent of demand is still accounted for by the developed economies. So, developed economy recovery could lead to some upside in oil prices even though the oil demand supply dynamics is changing rapidly. However, on balance I would think that some of the Indian oil stocks would possibly look relatively more attractive right now," he added.

Rokok Kanker