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    Kotak Equities cautious on auto stocks despite a tailwind for the sector

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    Kotak Equities cautious on auto stocks despite a tailwind for the sector

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    Kotak Institutional Equities is cautious on auto stocks as it expects a slowdown in growth, said Sanjeev Prasad, MD and Co-Head of the firm.

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    Kotak Institutional Equities is cautious about auto stocks as it expects a slowdown in growth for the sector. Speaking to CNBC-TV18, Sanjeev Prasad, MD and Co-Head of the firm, said that there is some negative bias toward the auto space.
    "There will be a slowdown over here and on top of that there is already a disruption from multiple vehicles like two-wheelers, cost of EV versus two-wheeler,” he said.
    However, said Prasad, the cooling of commodity prices will be a tailwind for auto stocks.
    He said, “Correction in metal prices not enough for me to take a constructive view at least in two-wheelers and four-wheelers.”
    For the entire interview, watch the accompanying video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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