Dipan Mehta negative on oil gas space

Dipan Mehta, Member at BSE & NSE has a negative view on the oil & gas space.

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "Our view is extremely negative on the oil & gas sector. We or our clients have virtually zero investments in any of the oil marketing, processing or refining. Anything to do with energy whether it is oil or power is a complete no-no at this point of time given that hardly any reforms have taken place within that sector."

"We find better opportunities, better value outside other sectors where there is far too much government interference and there is volatility as far as earnings because of end product prices are concerned. So, there is enough choice elsewhere," he said.

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