It's our job to look past these events and buy the future.
Far more people died and far greater damage to (economic growth) took place in the floods. After the floods people were back in the malls. It seemed to have little impact on Bombay and I'd hope this would have a small impact on Delhi.
The risk to this company is not just the price of oil. It is the action or inaction of the government on various issues including subsidies.
Indian stocks are not cheap anymore. But the acceleration of economic growth and earnings growing on a consistent basis still makes India attractive.
The outlook for the remaining quarters of the year is quite clear and the momentum will be continued. Generating such cash flows will help the company in its plans to make its refinery the world's largest.
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