Prefer financials over capital goods: Irani

Prefer financials over capital goods, says Mehraboon Irani, Principal and Head- Pvt Client Group Business, Nirmal Bang Securities.

Irani told CNBC-TV18, "I would continue to prefer financials over capital goods but in capital goods possibly a name like BHEL and second fiddle would be Larsen and Toubro virtually stand out. I think there are opportunities in some of the midcap capital goods space also but I think they would possibly give you a sharp 10-20% move but I think quite a few of them have moved up a little bit sharply. But should we buy into them from a longer term angle, I think it