Valuations are cheap in capital goods: Sandip Sabharwal, Prabhudas Lilladher

In a chat with ET Now, Sandip Sabharwal, CEO-PMS, Prabhudas Lilladher, shares his views on capital goods space.

ET Now: What is looking like an attractive buy for you at the moment?

Sandip Sabharwal: In the large cap space, we are looking at capital goods stocks selectively. In these stocks valuations are very cheap. But triggers are not imminent and not immediately visible. However, the valuations are so cheap that as things play out going forward, we will see returns coming through in the sector.