Rahul Shah discusses the performance of the auto sector and its ancillary pack. He mentions that the demand for the entire auto sector is coming back and that the stocks in this sector are undervalued. Additionally, he comments on the positive impact of stable crude prices on the tyre sector. Regarding Kotak Mahindra Bank, he states that the numbers were in line with expectations and further clarity is needed on the challenges related to deposits.
"When you look at valuation, one has to always think about what the stock has done in the past year or so or couple of years and then take a call because the growth here that most of the automobile companies are showing in terms of top-line growth is fairly muted. It is either single digits or early double-digit kind of numbers. These are not great numbers that essentially help valuations."
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