"Manufacturers, especially in an industry which is now consolidated, the steel sector, some of the two-three large players especially those that are integrated and low on debt will start to benefit big time. IT, on the other hand, could be in for much more challenging times for a bunch of reasons."

Porinju Veliyath believes that it will not be easy to create alpha investing in the well-known largecap companies, but one can still invest in them. He continues to believe in the India story, and that India's era is just starting, which is where China was in 2007. Veliyath suggests that there are many upcoming midcap companies that can offer great opportunities for the investing community to create alpha, and further states that many state PSUs, if better managed, could become multi-baggers.

Trent operationally has been doing well. It is just that the consumer demand sentiments have been impacted by inflation all of us know about it. Most consumer good companies have talked about it.

Tech Mahindra's CEO, CP Gurnani, stated that the current period of uncertainty will last for another two quarters but the company will continue to invest in technology trends and upskilling programmes. The IT company reported a net profit of Rs 1,118 crore ($148 million) for Q4 2022, which is a decrease of 25.8% YoY. Gurnani emphasized the importance of upskilling employees in areas such as quantum computing, metaverse, data sciences, and cloud technologies.

So, earnings are not dropping. It is the same story that we are seeing for the last five-six quarters. Market expects that the earnings will drop.

Investors can borrow money against their stock portfolio, mutual fund investments, fixed deposits and savings insurance plans. Some companies even offer loans against employees' stock ownership plans (ESOPs). The required custody of investments is the key barrier to taking out a loan as banks often require the investments to be in their custody. However, fintech companies are working on solutions that may eliminate this requirement, and loans may be lent by insurance companies, non-banking financial companies and banks at varying rates.

So, 100% of my equity holding in the consumer company I am leaving back in the company, I am not taking a single rupee out of it. So, my 50% of the sale proceeds will stay in Raymond Consumer Care and as a promoter I am putting 100% of my sales proceeds back into the business.

Midcap IT companies are doing well in comparison to their largecap counterparts, which were affected by Infosys' weak performance. They have reported positive outcome, shown by the strong total contract value (TCV) and guidance. Hence, it is an opportune time for investors to accumulate them as valuations are currently attractive, trading below 20 times earnings.

Long-term price inflation is no longer an issue, according to Sandip Sabharwal. Although some companies have been affected by higher inflation and lower consumption demand, most expect improvements going forward as they are no longer raising prices, and some have even cut prices in specific categories. The Indian macro is favorable overall, especially in the investment cycle, banking and financial universe and capex-oriented companies.