Sandip Sabharwal calls IT a tactical trade, stays bullish on autos

Investor Sandip Sabharwal is constructive on autos and the broader consumption/FMCG space, citing strong Marico quarterly numbers, healthy EV penetration, and improving replacement demand; he owns Maruti, M&M, Bajaj Auto and Greaves Cotton. He views the IT sector as only a tactical trade, seeing 10-20% upside in TCS and Infosys on corrected valuations but no trend reversal. Sabharwal is negative on Avenue Supermarts (DMart), saying valuations remain stretched with limited upside, while flagging monsoon as a key rural demand risk and noting credit growth in banking is constrained by deposit availability despite FCNR inflows.