Portfolio Manager, PN Vijay is of the view that Rico Auto is a good pick for long term.
Vijay told CNBC-TV18, "Fundamentally Rico is a very strong counter, it is one of the best casting units in the country and it has been lying quiet for long like rest of the auto ancillaries, which are facing tremendous margin pressures. Its fortunes are very largely linked to Hero Honda so it is a good long-term pick in an industry, which is being unfairly hit by the market. So Rico Auto on one-year timeframe could be good."
Source: Moneycontrol.com
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