Strongly advises against investing in IT stocks, labeling them a 'falling knife' and the number one sector to avoid. He argues that while valuations may seem attractive, AI is fundamentally restructuring the industry's business model, meaning valuation alone does not provide a margin of safety, and further cuts are likely.

CA Rudramurthy BV’s track record: 17 graded calls · 95% CI 26–69%

Nifty ITBearishCalled 19 Jun 2026Graded 21 Jul 2026
Verdict:MISS

Nifty IT rose from ₹27628.55 to ₹29161.90, a gain of 5.55% in 30 days, contrary to the bearish call.

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