Underweight on the IT sector, despite attractive valuations after a sharp correction. Earnings for large-cap IT companies are expected to remain soft this quarter, and while downside may be limited, better investment opportunities exist elsewhere. A few mid-cap IT names might outperform, but the overall sector is likely to remain under pressure.

Rahul Shah’s track record: 7 graded calls · 95% CI 25–84%

Nifty ITBearishCalled 22 Jun 2026Graded 24 Jul 2026
Verdict:MISS

Nifty IT rose from ₹27012.05 to ₹28533.55, a 5.63% increase, contrary to the bearish call.

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