Not a time to make big sector calls: Dhiraj Agarwal, Standard Chartered Capital

Dhiraj Agarwal, Director, Institutional Equities, Standard Chartered Capital, in an interview with ET Now gives his views on auto sector



What is the call on autos because the broad consensus seems to be that for the next five to six months fundamentally it is going to be a weak spot?

I do not think you should be thinking of playing themes in this environment, themes are not working. Buy commodities or sell commodities or buy commodity users or do not buy commodity users or sell autos in high interest of environment is not working. The market environment is very similar in my view to what it was in the mid 1990s where individual companies can show very very diverse performances both in terms of the bottom line and stock prices. So even within the auto space you might have two companies doing very well and two very poorly or very average so I do not think it is a time to make big theme or big sector calls.