Festive season to bring traction for auto space: Deven Choksey

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his view on auto space. Excerpts:

ET Now: Is there a dark horse, a hidden gem across sectors that you are supremely bullish on that people can buy and hold for a couple of years and potentially can become a multibagger?

Deven Choksey: Yes they do hold the potential for the kind of multibagger opportunity that we are talking about; however, the fact remains that they would take time because the volume eventually takes time for pickup as far as the customer segment goes.

But certainly we see traction from this festive season particularly happening for the automobile industry, passenger car vehicle segment as well as two wheeler segment. In the second half, we are likely to see the growth coming up for the commercial vehicle segment.

The quality automobile ancillaries which are having the large-sized customers and growth programme, is decided. To my mind, they would probably be the one who would get the maximum advantage out of it. Subros, the typical ancillary to Maruti and Hyundai, is likely to see a larger amount of growth coming up.