Avoid IT, pharma space: Andrew Holland

Written By Unknown on Sabtu, 27 Desember 2014 | 14.02

Andrew Holland of Ambit Investment is of the view that one may avoid IT, pharma and consumer space.

Andrew Holland of Ambit Investment told CNBC-TV18, "There are sectors I am kind of avoiding at the moment which is all defensive – IT, consumer and pharma because I can't see the earnings growing or doubling. Where I can see is in cyclical sectors, I can see in suppliers where there is operational gearing so this is the focus that we would like to have, who supplies India, which sectors."

"If you see all the auto companies, I want to know who supplies those parts because that is where you are going to get the big increase in earnings. So, we like the sectors longer term but I don't need to pay 14-15 percent or more when I am not going to see that doubling in earnings," he added. 


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