Recommend stock-specific approach currently: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities, shares his views on market outlook.

ET Now: What is it that you are recommending in the last two weeks as such, what are some of the top ideas that you are discussing your clients?

Neeraj Deewan: We have been quite bullish on the auto ancillaries, then we have been bullish on housing finance companies, NBFCs which are doing well now and even some of the banks which had been consolidating in the last two-three weeks also start going up now and there are auto, auto stocks which as such are contributing and they still have a lot of steam going ahead so there are lot of stocks among the different sectors.

More of a stock specific approach now rather than a sector specific approach because everything you see across most of the sectors, most of the good stocks have really rallied.

So you have to really look at stocks which valuation wise are not really rallied till now and there is a stock which has the visibility that order book will increase going ahead.

So it is more about visibility where we are playing out now and if you see in pure valuation, see just a valuation then you will not find too many attractive ideas right now.