Manish Sonthalia positive on tech, financials, auto; will avoid consumer stocks

Manish Sonthalia, Head Equities- PMS at Motilal Oswal Asset Management Company is positive on technology, financial and auto space.

According to him, technology remains the best space to be in given that rupee is depreciating. Private sector banking space is getting punished way beyond imagination, things are not bad as have been made out looking at the prices and there is pricing power ability to pass on the higher raw material cost prices in automobile, consumer discretionary space, he said.

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