Mayuresh Joshi, Vice President - Institution at Angel Broking recommends accumulating Cairn India on every correction.
Mayuresh Joshi, Vice President - Institution at Angel Broking told CNBC-TV18, "Clearly, with the fall in brent prices, the reaction on Cairn India has been very obvious but with the increase in expectations from the Barmer Fields and the kind of production estimates that will go through in the next two years -- our take is that the numbers will reflect far better."
"We still maintain an accumulate rating on the stock. Cairn India might probably correct, so every correction probably gives an ideal chance for long-term investors to start chipping into the stock," he added.
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