Nitin Raheja bets on auto, consumer durable sector; stays cautious on IT

Fund manager Nitin Raheja remains constructive on the auto sector, citing resilient sales and visibility on SUV, EV and commercial vehicle segments, despite concerns over crude oil prices. He is also positive on the broader consumption theme and consumer durables, with a strong summer boosting air-conditioner manufacturers, and sees a multi-year structural opportunity in defence and shipbuilding. He is cautious on IT due to uncertainty around AI-driven revenue impact and recommends stock-specific selection in real estate as broad-based price appreciation looks unlikely.