“Devang Mehta suggests avoiding the IT sector for now, citing structural headwinds related to AI disruption. Despite strong balance sheets, he believes the sector faces challenges that make it less attractive for investment at this time.”
Devang Mehta’s track record: 3 graded calls · 95% CI 0–56%
Nifty ITBearishCalled 17 Mar 2026Graded 19 Jul 2026
Nifty IT rose from ₹28760.90 to ₹31817.50, an increase of 10.63%, directly contradicting the bearish call.
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