Sell auto stocks: Baer Capital

Sell auto stocks, says Alok Sama, Baer Capital.

Sama told CNBC-TV18, "Banks have been hit fairly aggressively. So we think banks are sensibly valued, even cheap. So we have been looking to add to our positions with respect to banks."
He further added, "With respect to the auto sector we are much mire circumspect. We think that the news flow with respect to inventory build ups will probably surprise the markets a little bit. So we have been sellers of the auto sector."