It is better to stay away from oil and gas companies because you cannot take a call on the upstream companies as the government won’t allow ONGC to make super profit in crude moves beyond $80, said stock market guru SP Tulsian.

Talking about Jubilant FoodWorks, he said, “Since the change of the CEO which has happened about 6-8 month back or may be about a year back, we have seen a dramatic improvement in the financial performance and that has been maintained by the company for last two quarters.”

He is of the view that Coal India numbers does not look encouraging at the current levels.

He said to look for the stock like City Gas distribution like Mahanagar Gas (MGL), Indraprastha Gas (IGL) or maybe the company which are involved in to gas processing like Petronet LNG which has a huge demand of gas coming in.

First Published:May 30, 2018 4:07 PM IST