Avoid capital goods: Phani Sekhar, Angel Broking

Phani Sekhar, Fund Manager-PMS, Angel Broking, in a chat with ET Now, gives his views on capital goods


Any call on capital goods?

I do not see how any interest will be revived in capital goods if at all. One of the only reasons that can revive capital goods interest back is if the street gets a sense that the rate hike cycle has come to an end or is at the final legs of its up cycle. That will be the time when people will again look back at capital goods but not at one or two stray IIP readings.