Hi Chetan. Cyclical they could be, but OIL India is a very good company. If you ignore the noise on the channels, which stock isn’t down by 10-30% these days? As OIL has come down from 733 to 664, the fall is of some 14%. To me this appears reasonable.
Of course, if I had entered it right before the slide started, it would have given me cold sweat too.
I am not tracking it any long, but to me it seems like a safe bet.
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