Daily Voice | Time to overweight on IT space, banking and financial services look bright, says Sonam Srivastava of Wright Research

Daily Voice | Time to overweight on IT space, banking and financial services look bright, says Sonam Srivastava of Wright Research

Sonam Srivastava is the Founder of Wright Research



If the Reserve Bank of India decides to hike its key policy rates in the second half of the year, it will be a positive for the banking and financial sector as it will boost the interest income, says Sonam Srivastava, Founder of Wright Research, in an interview to Moneycontrol.

On the IT sector, she believes, both large-caps and mid-caps are good to go overweight at the current time. With the Fed hiking rates and the RBI maintaining a status quo will firm up the dollar and it will translate into a surge in business for IT companies.

Srivastava shares her views on various aspects of the economy and finance standing at the onset of the earnings season for Corporate India. Excerpts from the discussion:

Some of the IT majors have just their quarterly and full-year earnings. Moreover, the US Fed has raised the key policy rates. Do you think this is the time to go overboard on IT stocks? 

The earnings season has become a great time to focus on IT stocks as the momentum in earnings and revenue growth continues. On a solid note, TCS has released a 7 percent on-year increase in net income, steady