Avoid real estate, auto space: P Phani

P Phani Sekhar, Fund Manager of Angel Broking is of the view that one can ignore real estate and auto space.
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Dec 10, 2008, 03.02 PM | Source: CNBC-TV18

Avoid real estate, auto space: P Phani

P Phani Sekhar, Fund Manager of Angel Broking is of the view that one can ignore real estate and auto space.

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Avoid real estate, auto space: P Phani

P Phani Sekhar, Fund Manager of Angel Broking is of the view that one can ignore real estate and auto space.

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Markets Midday

Excerpts from Markets Midday on CNBC-TV18 Watch the full show ¬Ľ

P Phani Sekhar , Fund Manager of Angel Broking is of the view that one can ignore real estate and auto space.

Sekhar told CNBC-TV18, "We would like to ignore real estate and auto space at this time because the signals are positive from the monetary loosening and the fiscal stimulus. But there is a larger issue of consumer confidence and we donít think that has revived back because this is a year when consumers are going to face a situation of low, no or de-growth, so in such a scenario I donít think you can clearly bet on autos or real estate barring two wheelers because the rural demand is more resilient as compared to the urban demand."

Disclosure: Analyst doesn't hold the above stock.

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Avoid real estate, auto space: P Phani

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