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Tata MF sees another wave of demand for digital transformation deals for IT

Updated : October 01, 2020 01:23 PM IST

Rahul Singh, CIO-Equities at Tata Mutual Fund, on Thursday said that he sees another wave of demand for digital transformation deals for IT.

"See more legs to the India IT sector," he said in an interview with CNBC-TV18.

According to Singh, there are more opportunities in midcaps and smallcaps in the post-COVID revival. Singh further added that most of the earnings cuts were over by June, so markets are also reacting on an incremental basis.

Talking about the telecom market, he said the market has seen consolidation, and consumption trends are changing.

"Financials have continued to be impacted by the downtrend in the economy. It is still 2-3 months away before the full picture on financials is visible," he added.
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