Expect market to reward auto-ancillary space with better re-rating multiples: Avinnash Gorakssakar, Miintdirect.com

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Miintdirect.com, shares his views on auto-ancillary space:

ET Now: What is the call on auto-ancillary space?

Avinnash Gorakssakar: From the auto-ancillary space, stocks like say Motherson Sumi or typically a Bharat Forge, which have got very large export exposures plus robust domestic exposure.

Any decline should be used as an opportunity to build positions here. The market is going to reward these companies with better re-rating multiples. Bharat Forge and Motherson Sumi look attractive even at the current levels.