Motilal Oswal Asset Management still upbeat on Mahanagar Gas

On the domestic side, he said there is a Drug Price Control Orders (DPCO) overhang on the branded formulation companies.

According to Sonthalia, crude is off its highs and won’t go up in hurry, so bearish on oil prices from mid-term perspective.

With regards to AU Small Finance, he said it depends on how the bank able to execute growth and what risk and the return on asset delivered will matter the most.

Private sector banks is where opportunities are and this bank is in that space and so will gain at expense of state owned banks, he added.