FMCG to emerge as a defensive in medium term; in IT, largecaps better placed: Shibani Sircar Kurian
“We believe that the larger IT companies which are trading at valuation which are more favourable in terms of long-term average levels appear to be better placed than midcap IT. where you still have client concentration. you have certain sectors or verticals which are impacted because of slowdown and slower discretionary spends."
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