Sanjay H Parekh maintains an underweight stance on the IT sector, a position held for nearly four years, and does not intend to go overweight currently. He cites long-term headwinds from AI and potential prolonged global disruptions affecting decision-making for global IT companies, preferring other sectors with more meaningful bounce-back potential despite improved IT valuations.
Nifty ITBearishCalled 17 Mar 2026Graded 19 Jul 2026
Verdict:MISS

Nifty IT rose from ₹29559.30 to ₹31809.85, a gain of 7.61% in 30 days, contradicting the bearish stance.

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