Will stick to liquid, high quality stocks: Tarun Kataria, Cityspring Management

In a chat with ET Now, Tarun Kataria, Cityspring Management, shares his views on the market and stocks. Excerpt:

ET Now: Let us talk about sector and themes and you have been vocal about sticking to quality, has that view changed?

Tarun Kataria: No, the view has not changed. I would continue to stick with the liquid, high quality stocks.

ET Now: Give me stock which you have been owning from last 10 years and you got plans to own it for another 10 years.

Tarun Kataria: M&M is a great story.

ET Now: What would be your contrarian bet given that we have two big events – the elections and, perhaps, another budget?

Tarun Kataria: Private sector banking space is something to think about. They have been beaten up. Lot of them are down 50% from their high.

The consumer pack has been beaten up as well and they are down about 30%-35% from the high.

If the consumers feel better after the uncertainty around the elections are lifted, then that is a sector to play out but it is not a three-month affair, call it for the next two-three years.