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    Bullish on building materials and automobiles, says Centrum Wealth Management

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    Bullish on building materials and automobiles, says Centrum Wealth Management

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    We are bullish on auto stocks, passenger car vehicle stocks and auto component stocks and building material space, said Devang Mehta, Head Equity Advisory, Centrum Wealth Management.

    We are bullish on auto stocks, passenger car vehicle stocks and auto component stocks and building material space, said Devang Mehta, Head Equity Advisory, Centrum Wealth Management.
    “We have been bullish on the themes which are overriding the overall weakness in the broader markets. To specifically talk about certain sectors and certain themes we are seeing that wherever earnings growth has been showing a bit of traction as well as market is betting on the premium plays where if your stocks are expensive, but the results have been delivered or the earnings have been flowing at the compounding pace I think this is where you can put your money into,” he said.
    He added further, “Another theme is the building material space, again the housing for all or the low cost housing theme as well as infrastructure spending in the election will also boost a lot of demand for a lot of fast moving electrical goods or wires or cables or all such type of demand, ancillary demand in terms of your paints and adhesives find favour into the portfolio.”
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