Axis MF's Karthik Kumar: Earnings Clarity to Propel Markets, Underweight IT, Bullish on Autos

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Axis MF's Karthik Kumar: Underweight IT, Bullish on Autos Amidst Earnings Visibility Drive

Unicommerce eSolutions | A total of 22.2 million shares, or 22% of Unicommerce eSolutions' outstanding equity, will free up for trade on Tuesday, February 10. These are worth ₹225.3 crore at the present market price. The stock is down 6% from its issue price of ₹108 apiece.

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CNBC TV18•26-02-2026, 15:15

Axis MF's Karthik Kumar: Underweight IT, Bullish on Autos Amidst Earnings Visibility Drive

•Axis Mutual Fund's Karthik Kumar emphasizes earnings visibility as the key driver for Indian equities.
•The fund is underweight on IT due to mediocre growth prospects and lack of near-term triggers, despite improved valuations.
•Axis MF is bullish on domestic cyclicals, particularly autos (two-wheelers and four-wheelers), financials, and power transmission companies.
•Kumar notes improved valuations and slowing foreign investor selling after India's recent underperformance.
•He recommends diversification into precious metals like gold and silver for long-term structural benefits.

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