Have stock-specific view on consumer durables space: Hemindra Hazari

In a chat with ET Now, market expert Hemindra Hazari shares his view on consumer durables stocks.

ET Now: Does it make sense to buy consumer durables/white good stocks? I am asking this because consumer duarbles sector is likely to be the biggest beneficiary of any further fall in inflation.

Hemindra Hazari: Yes I do believe so. But, if you see the index of industrial production (IIP) readings for the consumer durables sector, you will find them unimpressive. The numbers may suggest that there are only a handful of companies in the white goods space that are apparently doing well. White goods space looks in doldrums, if you consider tepid IIP numbers for the sector. Hence, one has to be very stock-specific rather than having a sectorial view in the present economic environment.