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Stay invested; investors adding to India overweight: JM Fin

Hari says the big surge in deep cyclical stocks is yet to be seen even as the market has been making new highs

Investors have marginally increased their already ‘overweight’ position on India, says Suhas Hari of JM Financial.

In an interview to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Hari says he is bullish on auto, auto components, apparel and agrochem sectors. Hari says the big surge in deep cyclical stocks is yet to be seen even as the market has been making new highs.

He sees multi-year growth for auto-ancilliary companies. In the textile segment,  Arvind is his favoured pick, in auto ancilliary, it is  Motherson Sumi and in the agro chemicals space, he is bullish on  Rallis and PI Industries .

Stay tuned for more…

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