Bullish on power, energy, and BFSI; cautious on IT amid weak earnings: Devarsh Vakil

HDFC Securities sees opportunity in India’s recovering equity markets. The firm favors power and energy sectors, citing infrastructure growth. Financials, including banks and NBFCs, are also preferred. However, the IT sector faces an underweight stance due to uncertain earnings. Sun Pharma’s growth strategy and Varun Beverages’ expansion are noted positively.