Positive on export-focused companies like Bharat Forge or Motherson Sumi: Jitendra Sriram

In a chat with In a chat with ET Now, Jitendra Sriram, Director & Head of Research, HSBC Securities shares his views on midcap stocks. Excerpts:

ET Now: What about some of the midcap themes? Is there anything that you like from the sector?

Jitendra Sriram: Manufactured exports is a theme which should be looked at quite closely. The currency depreciation will impact everybody who is exporting or has dollar earnings, positively.

Hence, one of the sector that you could look is auto ancillaries given that you have a high degree of dollar earnings there. Whether you look at Bharat Forge or Motherson Sumi, they have high degree dollar earnings.