Buy high quality cyclical, avoid high beta stocks: Ambit Capital
Saurabh Mukherjea, head of equities at Ambit Capital, feels that although the macros are improving, they aren't recovering dramatically. The recovery, according to him, will be slow and steady. Hence he says one should buy high quality cyclical stocks, but stay away from outright very high beta plays, which could be a lot riskier given the slow pace of improvement in economy.
