IT stocks are a good bet even at the current levels: Naveen Kulkarni

IT stocks were expected to re-rate and that is happening now.

The stock market is at an interesting juncture where it is building a healthy recovery.  From here on, for the recovery to sustain, developments on vaccination, and continued economic recovery will be important, says NAVEEN KULKARNI, chief investment officer (CIO) at Axis Securities, in interaction with Swati Verma. Edited excerpts

Your view on the current market.

The market is at an interesting juncture where it is building a healthy recovery. However, it has been quite sceptical about the recovery in the banking sector as the challenges of collections continue to persist. Q2FY21 will provide a better picture of the state