We don't have an interest in large-caps anymore and instead our focus has shifted to midcaps, said Sanjay Mookim, strategist, head-India equity research at JPMorgan India.
Speaking with CNBC-TV18, Mookim spoke at length about specific stocks and sectors.
“I cannot highlight the names but in the risk-on rally, midcaps in India are better and it can continue to work until the reality hits us post-pandemic,” he added.
On the auto sector front, he said we don’t think the recent growth in auto sales is sustainable. We believe the present rise in auto sales is mainly due to pent-up demand.
According to him, insurance is a space for long-term investors.
Pharma space needs to be approached purely from a bottom-up perspective, he further added.
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