sorry for the late replay.. govt is deregularising the prices.. so oil companies dnt hve to suffer much if price is going up.. accordingly they can set price and avoid losses... any good correction, its a good buy for a long term.. keep one thing in mind.. Oil is a non renewable source as the demand increase the price increase also the profitablity... sure bet..
I purchased at 429 today as it seems quite a correction
I dont know but I think BPCL is the best bet in the Oil and gas sector? What are your thoughts?
on a investment perspective its a good decision........ even if it is going down it`ll bounce.. there is a minimum guarantee u`ll be hvngwith ur money...