Stories
Bandhan AMC CIO Backs IT Services, Private Banks and Exporters
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CNBC TV18•21-10-2026, 10:56
Bandhan AMC CIO Backs IT Services, Private Banks and Exporters
- •Manish Gunwani of Bandhan AMC advises investors to focus on largecap stocks during the current market phase to build strong long-term exposure.
- •The firm holds an overweight stance on IT services, private banks, and manufacturing exporters due to reasonable valuations and favorable risk-reward ratios.
- •Global shifts and narrowing valuation gaps are driving the recent outperformance of largecap stocks over midcaps and smallcaps.
- •While macroeconomic challenges like elevated crude oil prices may keep near-term returns subdued, the long-term outlook for equities remains constructive.
Key Questions Answered
Manish Gunwani states that Bandhan AMC is overweight on IT services, private banks, and manufacturing exporters due to reasonable valuations and a changing global market landscape in 2026.
The outperformance of largecap stocks reflects a narrowing excessive valuation gap with smaller companies alongside global market trends influenced by a correction in artificial intelligence infrastructure-related stocks.
Bandhan AMC notes that elevated crude oil prices and monsoon-related concerns could keep broader market returns subdued and delay near-term gains over the coming months.
