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Positive on auto sector; prefer Hero MotoCorp and Maruti Suzuki: Karvy Capital

Updated : December 02, 2020 05:03 PM IST

In an interview to CNBC-TV18, Kunj Bansal of Karvy Capital said that he is positive on the automobile sector. However, within the space, he likes Hero MotoCorp and Maruti Suzuki.

“My choice in the two wheeler space is Hero MotoCorp. Being the largest market leader it is continuing to do well. Probably somewhere gaining market share also. Maruti Suzuki is more specific passenger vehicle player and has a clear focus. That is why my preferred choices are Hero MotoCorp and Maruti Suzuki with an overall positive view on the automobile sector,” he said.

On the news about adulteration of honey, he said, "The news has been more than decade old. Also, all the brands have been found to be adulterated. So it is more of an industry phenomena and not Dabur specific phenomena. So there might be if at all a temporary jerk to Dabur’s stock price, but I don’t think it is going to be a sustained issue.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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