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Further 5-10% correction in auto stocks would be a buying opportunity, says Invesco Mutual Fund

Updated : February 08, 2019 05:03 PM IST

In an interview to CNBC-TV18, Taher Badshah, CIO-Equities at Invesco Mutual Fund shared his reading and outlook on specific stocks and sectors.

On auto sector, Taher Badshah said, "Things are not very smooth and it will be a little bit of a rocky path even to the recovery, especially till the time sentiment remains a little challenged and people are kind of sitting on the fence for a couple of events to pass by. So, it might take a little bit of time for the recovery to set in but in the process, I think many of these stocks have corrected and we are on the watch out."

Many of the auto stocks will be at a stage where you can at least play them from the next couple of years perspective if they correct 5-10 percent, he said.

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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