Avoid policy sensitive sectors: P Phani Sekhar, Angel Broking

P Phani Sekhar, Fund Manager-PMS, Angel Broking, in a chat with ET Now, gives his views on policy sensitive stocks


What’s your sense of some of these policy sensitive sectors, which are getting active and also the PSU lot? As is traditional ahead of the budget, there is interest coming in there?

Yes but some of these stories like Gateway are rallying ahead of the possible positive announcements in the rail budget relating to the logistics sector. I am not a great fan of these kinds of stories because inherently the entire sector and the stocks therein are suffering from structural weaknesses, which seems difficult to remedy by some magic wand of policy in one stroke. It will take some time, so I will clearly stay clear off these stories.