H-1B, drug price noise won’t hurt Indian IT & pharma; festive cheer drives auto stocks: Vikas Khemani

Automobiles are emerging as one of the biggest beneficiaries of the festive season, supported by GST cuts, lower interest rates, and a favourable base effect, said Vikas Khemani, Founder, Carnelian Asset Management, in an interaction with ET Now.

According to Khemani, leading players like Maruti Suzuki and Hyundai are witnessing positive traction, with strong model line-ups enabling them to capture demand. “Automobiles are consolidated players and the sector offers a better risk-reward compared to consumer durables, where valuations remain stretched,” he noted.