Would advise wait & watch for mid-cap stocks: Seshadri Bharathan

ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd. on his view on mid-cap stocks.

What would your approach be would in the midcap space? Or you say just stay clear of the liquid end and stocks which are more traders' delight than investment themes? How are you approaching the space now?

At this point of time, when there is clear uncertainty in the market, I would advise traders and investors to stay in cash and when the certainty emerges, when we have a clearer picture of the entire scam etc. that is a time when investors should start nibbling into some of these stocks. More so on the frontline banking stocks like SBI, HDFC Bank, ICIC Bank so these are some of the stocks which make sense for investment.

Also some of the automobile stocks like Tata Motors, Ashok Leyland, Maruti where we can clearly see strength in some of these stocks are the stocks that we would advise investors to invest in.