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Prefer M&M, Escorts, Tata Motors in auto space, says Macquarie

Updated : December 02, 2020 11:38 AM IST

“We like Mahindra & Mahindra (M&M), Escorts and Tata Motors in the auto sector,” said Sandeep Bhatia, Head-Cash Equities, India, Commodities & Global Markets at Macquarie Group in an interview to CNBC-TV18.

According to him, most of the positive surprise in autos is factored into the price.

He also likes IT sector and believes some of the negatives of Trump’s regime could be reversed. “We will continue to remain overweight on financials,” said Bhatia.

He said the focus would shift to midcaps as the economy recovers.

For entire interview, watch video
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