Retail investors should be cautious while investing in market: Rahul Arora

In an interview to CNBC-TV18, Rahul Arora, CEO at Nirmal Bang Institutional Equities shared his readings and outlook on the market and specific stocks and sectors.

Retail investors should be cautious while investing in market, said Arora.

Balance sheets for oil marketing companies (OMCs) won't look healthy from hereon. "These stocks are available at 11-12 price to earnings ratio (P/E) but I don't think you will get more than 9-10 percent kind of earnings growth. There are other opportunities in the market. I don't think there is too much money to be made, it is good time to be taking some profits off," he added.

He continues to remain overweight on pharmaceutical sector especially on names like Aurobindo Pharma and Dr Reddys Laboratories.