The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee has failed to reach a decision on fuel prices. In an exclusive interview with CNBC-TV18, SP Tulsian from sptulsian.com spoke about his outlook on the EGoM meet and his stock picks from various sectors.
A: Definitely disappointment is there. You can just call it a delay because of the non-participation of the allies. In my view, wherever it will happen maybe in a fortnight down the line, it is likely to get largely diluted the kind of hopes that we had. We had been expecting that probably Rs 4 rise in petrol and Rs 2.50 in diesel. Even the overall increase in the price of the petro products will get diluted.
Full Story: Check out: SP Tulsian's bets from oil, sugar, realty space - Moneycontrol.com
Information about auto components
Below is a verbatim transcript of the interview. Also watch the accompanying video.A: Definitely disappointment is there. You can just call it a delay because of the non-participation of the allies. In my view, wherever it will happen maybe in a fortnight down the line, it is likely to get largely diluted the kind of hopes that we had. We had been expecting that probably Rs 4 rise in petrol and Rs 2.50 in diesel. Even the overall increase in the price of the petro products will get diluted.
Information about auto components India
Full Story: Check out: SP Tulsian's bets from oil, sugar, realty space - Moneycontrol.com
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