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VERIFIEDET Markets·negative
IT growth vectors "clearly missing"; EV capex pullback hits ER&D players: Mayuresh Joshi
AI Summary
- ·India's IT and ER&D sectors are experiencing a structural slowdown, with EV capex reductions affecting companies such as KPIT.
- ·Geopolitical tensions and inflation are identified as near-term macro risks impacting the outlook.
- ·Mid-sized private banks are seen as a stronger investment opportunity, while broking stocks face headwinds from the RBI.