Surendra Goyal, Head of Research at Citi India says there are opportunities available in the financials space.

Share Market Live

NSE

“There are still opportunities in this market. If you look at the broader market today, at a sector specific level, we see an opportunity in financials, which is why in October for a couple of times we raised our active overweight on financials,” he said in an interview with CNBC-TV18.

“If you look at our key overweights, we have telecom stocks, we have steel stocks, we have auto stocks, one IT stock. Beyond that, it becomes very stock specific rather than sector specific,” he added.

On autos, Goyal said, “At this point our overweight is on the passenger vehicle (PV) space.”

He believes from hereon, with the market at current levels, it is going to be a stock specific play.

“Rather than going specifically by marketcap and saying that midcaps are looking at lot better, I would look at specific ideas which are there across the marketcap spectrum,” he said.

“We have slight overweight on metals at this point in time,” he said.

For more, watch video...

(Edited by : Santosh Nair)

First Published:Nov 19, 2020 11:36 AM IST