IT stocks look stable for the short term: Unicon

ET Now Fundamental Check with Madhumita Ghosh, Head of Research, Unicon Financial Solutions.

Would you look at some bit of a value buying in those large cap stocks from the auto space, would that be one space which you would look at considering that this space has also been beaten down quite badly and probably some value unlocking can be expected here?

Yeh, we could look into Tata Motors at these lower levels. Mahindra & Mahindra has not actually moved down much but Mahindra & Mahindra remains to be a good pick and IT sector looks good because now the rupee is not appreciating, it would continue. At least for short term, IT looks stable because the rupee is not in the wrong side of its earnings and you could also see the banking sector. Any good picks in the banking sector we should immediately grab because that will have to go with the economy.