Date: 2013-08-01

Sandeep Shah Bullish on Auto Ancillary Space

CEO, Sampriti Capital is bullish on auto ancillary space.

Shah told CNBC-TV18, "I have been bullish on auto ancillaries for more than a year now and that has given us very rich rewards and it has been my view for sometime that the auto ancillary cycle will last for atleast 2-3 years. Besides the cycle has come back in earnest after 6-7 years and ofcourse in the way we will have a cyclical correction, in the way there will be a time when you might see a bit of growth pans in autos and volume growth might come off especially if interest rates creep up. But a lot of these companies most of them are running at full capacity or just have very little idle capacity. In a relative sense they have pricing power because there is more demand and there is supply, so that is a sector that I am bullish on and I continue to stay bullish on. I think that is a sector that will continue to outperform for the next two years.

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