Buy into energy space from long term perspective: Gaurav Doshi

Gaurav Doshi, VP Equity Specialist, Morgan Stanley PWM in an interview with ET Now talks about sectors where outperformance is expected.

Any sectoral outperformance expected in the next coming months from any of the sectors?

We have recently have upgraded utilities to overweight at our ends. We believe the utility sector offersgreat amount of value, it has been a massive underperformer and you have seen numbers like Cummins, Thermax, Larsen come into play and we think these companies are finally starting to deliver.

Investors will get confidence with these numbers and we believe allocation to this sector will increase and apart from that, infrastructure is also another sector where we are seeing value. Telecom to a certain extent on a stock specific basis, yes, energy is definitely a space where we would like to be biased with a clear long-term bias, not really taking a near term view there but these are sectors that we think are fairly comfortable to put money to work even at current levels.