“Ajay Tyagi of UTI AMC identifies private sector banks, IT, and automobiles as sectors where valuation comfort is emerging. Private banks are attractive due to trading at a discount to long-term averages, with improved credit growth expected in FY27. The IT sector, having underperformed, is now near long-term average valuations, with AI disruption seen as overblown and Indian IT benefiting from new technology over the medium term. Autos are favored due to valuations near long-term averages, supported by rising discretionary spending and GST rationalisation.”

Ajay Tyagi’s track record: 4 graded calls · 95% CI 15–85%