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Vinit Sambre believes that the IT sector is a decent sector to be in due to cash flow generation, dividend payouts, and long-term growth opportunities. He emphasizes the importance of traditional IT companies embracing the generative AI space, which is expected to grow. Sambre acknowledges the interest rates globally and the potential impact on the economy, which is driving investors to look ahead. In terms of IT investment, Sambre remains equal to underweight but highlights the positive business momentum, especially for traditional companies. ....
“I think there is still room for IT to catch up and the way the stocks have performed and the way the numbers are, the valuations are justified for it. I feel that still the markets have not run up. We must be looking at it on the index level that we are at all-time high but I still feel that a lot of up move from here in the markets as well.” ....
Gurmeet Chadha, CIO & Managing Partner of Complete Circle Consultants, discusses the current state of the IT industry and shares his preferences for investments. He believes that while deals are happening, revenue translation is slow due to longer-term contracts. Chadha is selective in his investments and favors KPIT and Persistent in the mid-cap IT space, and HCL Tech among largecaps. ....