Don’t take fresh positions in midcap IT, consumer stocks: Ajay Bagga

2021-07-13 08:59:59

We are expecting a degrowth in profit quarter on quarter. Year on year numbers will look very good because in April to June last year, there was a complete shutdown. In the second half of the year, the management forecasts will become very critical. Right now, I would not recommend taking any positions. The market has become too optimistic about the IT results, says market expert Ajay Bagga.

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