Actually, the recent moves by the government is positive for the whole of Oil and Gas sector (both upstream and downstream oil companies) and hence we could see a sharp upward movement in the prices of BPCL, HPCL, ONGC, Southern Online Bio Tech Ltd (Bio-diesel), OIL, IOC, etc in the coming days.
Note: This was my morning call to the Paid Group members and to all those who are trading through my brokerage house. Now buy in Bulk Southern Online Bio Tech Ltd (BSE Code: 532669) at Rs.4.28, before the Q3FY13 results. This company is also in the same space. For more on Southern Online Bio Tech Ltd, CLICK HERE.