Hold ITC: Prashastha Seth, IIFL Wealth

Prashastha Seth, Senior Fund Manager, IIFL Wealth, in a chat with ET Now, gives his views on auto stocks


Some names from you, a stock which is on your buy list, a stock which is on your hold list and a stock which is on your sell list?

In terms of buy list, we are buying some of the autos as Hero and Bajaj. Both of them have corrected significantly, so they would probably continue to do well. Something like an ITC would probably continue to be a hold. We would probably like to add it only post the budget because we expect some amount of excise duty increase to happen. In terms of sell, we do not have a lot of positions in infrastructure and capital goods but I would probably sell L&T at Rs 1400 odd levels.