Prefer auto and pharmaceutical stocks: Taher Badshah

In a chat with ET Now, Taher Badshah, Senior Vice President & Co- Head Equities, Motilal Oswal Asset Mgmt Co Ltd, shares his views on the market. Excerpts:

ET Now: What are your broad recommendations?

Taher Badshah: It is a fairly tough market from the point of view of being able to cull out companies which we would like to hold for a fairly decent period of time and which could probably be available at reasonable valuations. But still there are opportunities across sectors. We find opportunities in auto and pharmaceuticals. There are some consumer discretionary names also which we like. We continue to back some of the existing names and some of the new ideas that we come across. So it is still a healthy market in a way but there are no stand out sector preferences as such.