Kotak did better than HDFC Bank; auto pack should do well: Rahul Shah

economictimes.indiatimes.com:

Rahul Shah, VP, Equity Advisory, MOFSL, says “auto as a sector has done quite well and the entire ancillary pack has also done well. So, obviously the demand is coming back for the entire auto pack as a whole. They are undervalued and one trend in the markets is that stocks which are available at reasonable valuations, especially in the midcaps, are getting fancied again.”

Catch all the Ayodhya Ram Mandir Inauguration Live Updates

What is your reading of the Kotak Mahindra Bank earnings because they are hinting at some challenge in terms of deposits?
Rahul Shah: Among the private sector banks, Kotak was a little bit better than what we saw from HDFC Bank. It looks like the numbers were fairly in line with what the Street was estimating and that is why we saw some good cheer and post the numbers, the stock has done quite well. More clarity is needed before we can comment on the challenges on the deposit front.

Unlock Leadership Excellence with a Range of CXO Courses

What is your view on the tyre sector and the preferred bets there?
Rahul Shah: Crude prices have been quite stable for the last couple of months and having fallen, augurs well for most of the tyre stocks being the main raw material.
Most importantly, auto as a sector has done quite well and the entire ancillary pack has also done well. So, obviously the demand is coming back for the entire auto pack as a whole. The two-wheeler and four-wheeler numbers have been strong, followed by the tyre stocks as well. Obviously they are undervalued and