Bullish on auto stocks: Alok Nanavaty

In a chat with ET Now, Alok Nanavaty, Director, Centrum Broking Pvt. Ltd., shares his investment ideas.

What is the call on auto?

Auto giants have some level of profit taking which had happened earlier also as well as the figures which came in for Q3 also were fairly encouraging along with the advance tax because for most of these companies. Demand continues to remain fairly strong, and assuming that we have a positive monsoon, hopefully, the first quarter of next year will also be pretty healthy.