Why Gautam Duggad is overweight in IT & private bank stocks; down to neutral in consumption

Gautam Duggad, Head of Research at Motilal Oswal, shares his insights on the shifting landscape of the Indian consumption sector. While reducing their exposure to consumer discretionary stocks, they are finding opportunities in specific areas like jewelry, hotels, and food delivery. Their current focus has shifted towards sectors like IT, private banks, real estate, and industrials.