Market expert Jigar Mistry of Buoyant Capital is positive on metals, bank stocks

The country's metals space and bank stocks such as  ICICI Bank, Axis Bank, and IndusInd Bank are looking attractive, says Jigar Mistry, Co-founder of Buoyant Capital.

In an interview with CNBC-TV18, Mistry shared his views on the fundamentals of the market.  “As far as auto sector is concerned, in October, we had two festivals, Dusshera and Diwali. So, I would wait to see how November pans out. I am not really a big fan of either Maruti Suzuki or Ashok Leyland at this time,” he observed.

Metals space is looking interesting and JSPL is one stock that is on our radar, said Mistry. He is also positive on banks like ICICI Bank, Axis Bank, and IndusInd Bank.

Mistry is not looking to buy consumption. “This is one space where stocks are showing stratospheric valuations. It is very difficult to justify them,” he said.

But he is positive on Cyient. “If you read the concall transcripts, they have clearly mentioned the glide path to revenue growth and margins. So, essentially that is something we are buying,” he added.

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