According to CNBC TV18, Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, believes that while IT may no longer be the high-growth sector it once was, attractive valuations are making it worth a fresh look. This represents a shift in market sentiment toward traditional technology stocks, which have been overshadowed by AI-focused companies in recent years. The expert's analysis comes as the sector faces a gradual shift from rapid earnings upward revisions into a phase of high-earnings realization, indicating that while fundamentals remain strong, the stage for continued price-led upside surprises may be passing.
As reported by CNBC TV18, Jaipuria remains bullish on cement as pricing improves after the monsoon, indicating confidence in the construction materials sector's recovery. He also sees stable margins and healthy demand for metal-linked businesses, suggesting positive outlook for industrial commodities. Additionally, he prefers pharma over chemicals despite improving fundamentals, highlighting his preference for healthcare over chemical sectors. The expert's strategy reflects a focus on diversified industrial sectors and anticipates that the next leg of market returns may be shifting from AI favourites to overlooked old-economy sectors.
According to CNBC TV18, Jaipuria's latest portfolio addition has come from the ceramics space, demonstrating his focus on diversified industrial sectors. The expert suggests that the next leg of market returns may be shifting from AI favourites to overlooked old-economy sectors, indicating a potential rotation in market leadership. This strategic shift reflects changing investor preferences as traditional sectors show signs of recovery and value opportunities emerge, with the key determining factor being whether industry margins can be sustained and supply discipline still holds rather than just AI demand validation.
