In an interview to CNBC-TV18, Rajesh Kothari, Managing Director of Alfaccurate Advisors discussed fundamentals of the market as well as shared his views and outlook on specific stocks.
On Infosys, he said, it is not a good news, it’s a disappointment. Till the time next leadership for Infosys is announced, there is going to be some uncertainty and surely investors do not like uncertainty.
New leadership will take its own course of action which may postpone the expected returns. That impacts the short-term earnings growth of the company, he added.
Significantly underweight on software sector for the last two years and we maintain our stance that the sector is still not out of woods, he further mentioned.
Maruti Suzuki has been the winner for the last few years in automobile industry. In fast moving consumer goods (FMCG), Hindustan Unilever Ltd (HUL) and Britannia have been giving good volume growth compared to its own peer group. We are extremely bullish on private sector banking, we maintain our positive view on these companies, said Kothari.
Auto ancillary companies have done well, it is a good theme which we are bullish from the last few years, Kothari mentioned.
For full interview, watch accompanying video...
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