Varun Saboo, Head, Equities, Anand Rathi Shares, says: “we are very positive right now on autos and particularly not only autos, but the discretionary space overall. If you see, there is a rising trend and everyone is trying to upgrade. I have personally met most of the auto companies recently in the last couple of weeks. What I am gathering is that there is a big surge in terms of what people are wanting in terms of premiumisation. My biggest bet right now is two-wheelers, very positive on all three, Bajaj Auto, TVS and Hero MotoCorp. These three are the top ideas there, which I would like. ”
Which are your favourite defence stocks and what are the house views on defence as a pack?
I do not, as such, have official coverage of defence names. But yes, if one has to ask my opinion, I think the better names would be HAL, Hindustan Aeronautics or BEL for that matter.
What is the right way of looking at defence because order books are there, big picture in terms of government commitment is there, private sector is also getting a lot of business and the fact that we are looking at a multi-year cycle? Right now stocks are up but the long-term story is also intact?
The good part about our market is that we keep rewarding growth. Considering how the geopolitical situation has been globally and the focus that our government has got on defence, it is very clear that this order booking story, not only domestically, but also in terms of exports is going to become bigger. India is gaining