IT stocks will continue to do well, bullish on autos: Andrew Holland

Andrew Holland, Chief Executive Officer at Avendus Capital Alternate Strategies, believes the global economy will pick up.

"We have taken more of a barbell approach to the market where we have had some of these defensives. But the larger weighing on the barbell is towards industrials, banking, energy, consumer discretionary because we do believe that the global economy will pick up. There might be a few hiccups along the way and India will enjoy strong growth,” he said.

On IT stocks, he stated, “We have quite a number of IT stocks overall because we feel that the momentum for these stocks is – in terms of both their earnings and the tailwinds in terms of what is happening globally – going to continue to push earnings a lot better than the market expects. That is where you are going to continue to get earnings surprises. It is a barbell approach in terms of largecaps to midcaps within the IT sector as well.”