Look at Mahindra CIE Automotive: Vineet Bhatnagar

Vineet Bhatnagar, MD at Phillip Capital told CNBC-TV18, "Voltas, Cromptons Greaves is a different play altogether that there is a play in which you need to really extend your heart out in terms of conviction for economic recovery by the second half of next calendar year, for example. So, there is some pending, shall is say, if not weakness then definitely lacklustre performance for the next two quarters.""As far as auto ancillaries is concerned, if GST were to come through, we are all keeping our fingers very much crossed. If it were to come through, it will definitely lend support to automotive sector in general and some of these good auto ancillary companies should find support. I would bet on names like Mahindra CIE, those will be the names that I will look at more closely.""Texmaco Rail was looking alright, Hikal was looking alright, Havells was looking alright. So there are some pockets of strength that are visible and perhaps, investors could look at the portfolios of some well-performing mutual funds in the smallcap and midcap space," he added.