Overweight on telecom, metals, passenger vehicles: Citi India

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

“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.