Gaurang Shah of Geojit BNP Paribas is of the view that one may prefer Bharat Forge and Motherson Sumi Systems.
Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "The news has all been on the wrong side and on the negative. No specific coverage on Ricoh India but if you are worried about your investment and you are looking for an alternative in the auto ancillaries/OEM segment, we have positive coverage on Bharat Forge as well as Motherson Sumi. So if you are worried it is always better to make a switch and of course with the newsflow not being so positive, there is always a fear."
Bharat Forge ended at Rs 963, up Rs 2.45, or 0.26 percent on the BSE.
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First Published on Dec 12, 2016 04:06 pm