Buy auto stocks at current levels: Sudip Bandyopadhyay

ET Now spoke to Sudip Bandyopadhyay, Managing Director & CEO, Convexity Solutions, on his views on the auto sector.

What happens to the auto pack now? Would you put money into auto currently?

The entire auto pack was beaten down mercilessly and what now we are seeing probably is short covering at this stage but fundamentally auto for medium to long term hold definitely looks good.

Of course it is a different matter that we are more bullish on auto ancillaries than auto, fundamentally because of the fact that auto ancillary companies are catering to the international markets as well apart from domestic demand. So fundamentally we like auto ancillary more than auto but auto particularly stocks like M&M and Bajaj Auto even Telco very good picks at current levels.