Market expert Sandip Sabharwal views India’s IT sector as a tactical trading opportunity, not a long-term structural uptrend, despite lower valuations. He finds Avenue Supermarts’ premium valuation unjustified despite respectable performance. Sabharwal is optimistic about the consumption story, citing Marico’s strong results, and sees the auto sector well-positioned for growth, especially with EV adoption accelerating.
Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.