Speaking about auto stocks, Invesco MF's Taher Badshah said, "We are seeing the slowdown gradually unfolding" .
InfoTech stocks are unlikely to deliver significantly high returns, said Taher Badshah, CIO-Equities of Invesco Mutual Fund, adding that one could look at them with expectations of 10-15 percent returns.
"I don’t think these are stocks which can deliver significantly high returns from here. If return expectations are more in the vicinity of between 10 percent and 15 percent, they are good for that," he said in an interview with CNBC-TV18.
"There is a decent value emerging in many stocks in the broader market. That is where we have trained our eyes and we have been focusing. However, price momentum still continues to favour large-caps, value seems to be gradually emerging in the mid-cap and small-cap space. There is clearly some value, which is emerging but not necessarily in the top names," he added.
Speaking about auto stocks, Badshah said, "We are seeing the slowdown gradually unfolding... we were expecting things to get a little better during the festive season and beyond, but to me, it looks like it is going to get pushed out even further."
On DCB Bank, he said, "This is one of our large holdings. It is not a good day for the stock given what has come about in the quarterly results. We are yet to examine what has gone wrong but it has generally been a bank which has done well over a longer period of time. It has been fairly consistent."
Source: CNBC-TV18Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.