Bullish on auto sector: Pankaj Pandey, ICICI Direct

Pankaj Pandey, Head Of Research, ICICI Direct, in a chat with ET Now, gives views on auto sector


Is there a theme that you are playing over the next three months, any sector, any specific stocks within the sector?

In terms of the overall market what we are expecting by March, it is more sort of a range bound market which is 14 times FY12 and FY13 EPS or about 16300 on the lower side and 18800 on the higher side. Within this we expect that sectors like auto, pharma, selective banking stocks should do well.