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IT stocks are back in the spotlight after a turbulent week marked by Trumps H-1B fee announcement. Despite near-term volatility, average analyst target prices in Trendlyne show decent upsides for leading names such as TCS, Infosys, and HCL Tech, while staying cautious on LTIMindtree.
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News and Media
Mahesh Patil from Aditya Birla Sun Life AMC outlines an investment strategy shaped by GST 2.0. The focus shifts towards consumption-oriented sectors like autos and consumer durables, anticipating earnings upgrades. While remaining neutral on IT, Patil identifies it as a contrarian opportunity, poised for a potential rebound with US recovery and attractive valuations.
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News and Media
Corporate India anticipates potential earnings turbulence due to the GST implementation and higher US tariffs, impacting sectors like textiles and auto ancillaries. The US Federal Reserve's rate cut introduces market volatility, while FII selling reflects concerns over growth and valuations. Despite these challenges, experts favor NBFCs, consumer discretionary, and precious metals, suggesting a balanced portfolio approach for long-term opportunities.
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News and Media
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