Prefer four-wheeler stocks: Sandeep S Shenoy

Sandeep S Shenoy of Pioneer Investcorp told CNBC-TV18, "If you look at the number flow which is going to come, we have probably passed the trough in the entire auto sector if you go by the systemic newsflow which is coming. Having said that, for a stock market investor, where would be the low hanging fruits or probably what you can state as the obvious hits, it would be more in the four-wheeler space at the current juncture rather than the two-wheeler space because two-wheeler space as its own throws off a pain on the margins front.""So yes they will also give you money but I think the first set of stocks which could move up and give decent gains for medium-term to long-term investor would be the four-wheeler space," he said.