ICICI Prudential AMC is underweight on consumer staples due to rich valuations and increasing competition from D2C brands. IT services is also a key underweight, citing structural risks from AI and ongoing valuation concerns despite recent underperformance.
Nifty ITBearishCalled 27 Jan 2026Graded 23 Aug 2026
Verdict:HIT

Nifty IT decreased from ₹38725.35 to ₹29062.60, a decline of 24.95% in 60 days.

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