IT growth vectors "clearly missing"; EV capex pullback hits ER&D players: Mayuresh Joshi

Analyst Mayuresh Joshi flagged that IT sector growth catalysts are currently absent, with EV capex pullbacks by global OEMs hitting ER&D players like KPIT, compounded by West Asian crisis risks, inflation, and a 25 bps ECB rate hike. On metals, he stayed neutral citing unwinding geopolitical risk premium and Chinese supply pressure, though low inventories could support a restocking-led recovery later. He called Kotak Mahindra Bank's acquisition of Standard Chartered's India retail business fairly priced but execution-dependent, preferring mid-sized private banks like Karur Vysya Bank, and named Groww as a top pick among capital market intermediaries despite near-term RBI norm headwinds for broking stocks.