Positive on auto ancillary stocks: TP Raman

In a chat with ET Now, TP Raman, MD, Sundaram Mutual Fund AMC, shares his views about various sectors.

Just one word on some of the auto ancillary stocks which are also getting active the likes of a Bharat Forge, Castrol and Everest Industries, any of these themes that you like, auto ancillaries in specific?

Auto segment has done well in the past and it is continuing to do well now, so even as a fund house we have some decent exposure to the auto sector and there is some steam in the auto ancillary sector.

We have no negative view or we have no flat view on the auto sector right now. We are quite encouraged by whatever the sector has been doing so far.