News > Stock market: Should one build on auto theme? Will softness persist in IT?

Stock market: Should one build on auto theme? Will softness persist in IT?

Head of Research at Motilal Oswal says there is a possibility that we might see continued strong performance of midcap IT. But the stock prices may lag a little bit now to allow the earnings to sort of, to allow the valuations to sort of catch up, whereas large cap, we find risk-reward more attractive. So while we have an overall underweight stance on IT, within that all our allocation is currently drifting towards a large cap, so HCL Tech is our top idea.