Investors switching to Cairn India from Gail
Jun 20 2014 , Mumbai
GAIL is currently trading at 11 times of its FY16 earnings while Cairn India is trading at seven times, Thomson Reuters data shows.
"One can make a switch to Cairn as short-term firmness in crude oil prices and depreciating rupee are sentimental booster for the stock," said G. Chokkalingam, founder of Equinomics, a research and fund advisory firm.
Cairn is up 1.2 percent, while Gail is down 1 percent.