Bullish on auto ancillary space: Satish Betadpur

Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in an interview with ET Now talks about the auto ancillary space.

In the auto ancillary basket, any stock that you would identify as buy picks right now?

Well, we are generally bullish on auto ancillaries because we think that’s a better way to play the entire auto space in the economic development space in India. We like Apollo Tyres as a play on it. There is a whole OEM tyre sales and replacement cycle that’s out there for them reasonable valuation stock. So Apollo Tyres one, Rico Auto is another one and so those are the two that right off the top of my head that I can mention in the auto ancillary space here.