Birla Sun Life Mutual Fund is upbeat on the auto, auto ancillaries, IT, consumer durables, construction and infrastructure sectors while being cautious on telecom and underweight on oil and gas, a senior company official said.

“The worst is over and the going ahead should be good.

We feel the auto, IT, consumer durables, construction and infrastructure sectors should put up a good performance,” Birla Sun Life MF’s co-head, Equity Investments, Ajay Argal, told PTI here.

Auto and consumer durables are doing well and auto ancillaries have also witnessed a good pick-up. Similarly, the IT sector too has done well in the last 3-4 months and “we feel this sector still has some upside left,” Argal said.

Though there was a slowdown earlier in the construction sector, now there were signs of a pick-up and the company was “very positive” about it, he said, adding that “we are bullish on the infrastructure sector over the longterm.”

On telecom, the company would adopt a stockspecific view, Argal said, as there was intense competition in the sector. A healthy penetration-level already exists and hence the company feels it prudent to take a stock-specific view, he said.

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