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Prefer ONGC, OIL India stocks after diesel price hike: JM Financial

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  • Published On: September 14, 2012
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Mehul Thanawala, Vice President - Research at JM Financial Institutional Securities, thinks the better way to play the diesel price hike and LPG move is to buy upstream companies like ONGC and Oil India rather than downstream oil companies. "With a longer term time horizon he thinks one can also buy BPCL and HPCL," he adds.
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