FMCG could outshine, IT guidance key this earnings season: Narendra Solanki

Anand Rathi expert Narendra Solanki expects domestic-facing sectors like FMCG, banking, auto ancillaries, manufacturing and healthcare to deliver strong Q1 results, while remaining neutral to cautious on IT due to AI disruption, delayed deal closures and West Asia uncertainty. He flagged possible trimming of FY27 IT growth guidance toward the higher end of about 2.5 to 3.5 percent as a key watch item, and noted that credit growth of around 7.7 percent should support PSU banks which have outperformed private peers for seven straight quarters. Real estate faces inventory build-up risks and may pause after a sharp rally.