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Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya


Published on 2024-12-06 01:01:09 - MSN
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  • If you look at within financial services, let us take for instance, the power financiers, REC Power Finance. Now, these are relatively more secular in terms of their loan growth rates because infrastructure power where they lend to will be rather secure.

The article from MSN Money discusses insights from Chakri Lokapriya, CIO & MD at TCG AMC, who predicts a 20% growth in midcap and largecap IT stocks over the next year. Lokapriya attributes this potential growth to several factors including a recovery in the IT sector, with companies like Infosys and HCL Tech expected to benefit from a rebound in discretionary spending. He highlights that despite current challenges like high interest rates and reduced tech spending, the sector is poised for a turnaround due to an improving economic environment, particularly in the US, and the necessity for digital transformation across industries. Additionally, he notes that midcap IT firms might outperform due to their agility and focus on niche markets, although large caps are also expected to see significant growth as they are currently undervalued.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/midcap-and-largecap-it-stocks-poised-for-20-growth-in-next-one-year-chakri-lokapriya/ar-AA1vmQXW ]