Auto sector still robust, but limited upside left at current valuations: Anand Tandon

Analyst Anand Tandon said the auto sector remains robust but has limited upside at current valuations. He expects slightly subdued earnings this season but noted the market has already priced in the weakness, and highlighted cotton textiles as a positive on margin support. He flagged Maruti Suzuki's weak SUV portfolio as a structural concern amid shifting consumer preferences, and reiterated a preference for private banks over PSU lenders, with SBI as the sole exception among state-owned peers.