Remain negative on hotels, airline stocks; prefer private banks over PSUs: Dimensions' Ajay Srivastava

On hotel stocks, he said, “Hotels have never made money at most of the times. These are not investments. The hotel is a no-go territory. An odd guy like Lemon Tree may give you extraordinary returns the way it is positioned in terms of properties but I would say don’t go there at all.”

On the aviation sector, Srivastava said, “We have got one stock of value in this country, Indigo. There is no investing theory behind these aviation stocks.”

Don’t go to the hotel, aviation stocks, he pointed out, while adding that auto ancillary stocks are doing decently well.

Srivastava advises buying metals. “I am saying buy metals. If you have not bought commodity stocks, metal stocks, if you have missed it out, there is still time to buy them even at this point of time,” he said.

The demand traction on the real estate side is mindboggling and incredible, he pointed out.

“Paints is good, tile industry has done very well, ceramics has done okay, you are in the comfortable zone on the real estate side at this point of time,” he added.

“For all investors, fast-moving consumer goods (FMCG) is going to underperform their portfolios for a simple reason that post the pent-up demand, the numbers will look a little weaker compared to the second or third quarter of the current year,” Srivastava said.