Bullish on auto-ancillary space: David Pezarkar

In a chat with ET Now, David Pezarkar, CIO-Equities, BOI AXA Investment Manager, shares his views on auto ancillary space.

ET Now: What is the big money making opportunity in this market, where do you think big big money will be made in 2014?

David Pezarkar: It is going to be individual stock specific ideas. We are looking at the pharma and auto ancillary space closely. We are also looking at a consumer discretionary space in the media space so there in that universe one can find but broadly on a sector specific note the banking sector seems to be reflecting the general mood for the economy. So if and when the economy picks up then the banking sector should show a sharp rebound and public sector banks have been beaten down very sharply so there could be some opportunities there but right now one needs to still be cautious. One needs to still play a waiting game and probably look at may be engineering auto ancillary space where companies have a lot of export potential and also probably in the textile space one can find a few companies there, so those sectors are the ones where probably we will be able to get some good investment returns.