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Pharma a very good play to bet on, cautious on auto: Prabhudas Lilladher

Updated : October 28, 2020 05:35 PM IST

Today pharma stocks are well around the pressure, Dilip Bhat of Prabhudas Lilladher gives his approach on the pharma sector. “Pharma has been one of the sectors which is showing tremendous gains and there is a lot of profits still on the table.”

“Pharma still looks a very strong sector to buy into every correction, pharma would still be a very good play to bet on. I would suggest some of the frontline names in the pharma which should be bought into in this particular correction.”

Talking about the auto sector Bhat said, “I would play very cautious over here, try to get out of the auto sector in terms of booking profits, at least partially 35-40 percent and then stay on the side to see for a good levels to enter at.”

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