{"id":288899,"date":"2026-10-06T10:32:27","date_gmt":"2026-10-06T05:02:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=288899"},"modified":"2026-10-06T10:32:27","modified_gmt":"2026-10-06T05:02:27","slug":"sankaran-naren-on-it-stocks-avoid-going-all-in-ai-uncertainty","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sankaran-naren-on-it-stocks-avoid-going-all-in-ai-uncertainty\/","title":{"rendered":"Sankaran Naren on IT Stocks: Why the ICICI Prudential CIO Says Avoid Going All-In Amid AI Uncertainty, What It Means for TCS, Infosys and HCL Tech Investors Before Q2 Results, and How to Size an IT Allocation"},"content":{"rendered":"

Sankaran Naren on IT: attractive in places, but AI makes long-term outcomes hard to quantify, so size it. Nifty IT down 25% YTD. TCS reports 8 Oct. Accenture FY27 guide 3-6%.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Sankaran Naren on IT stocks, as reported this week, is a measured stance: ICICI Prudential AMC’s CIO says Indian IT looks attractively priced in places, but the structural shifts from AI make long-term outcomes difficult to quantify, so investors should avoid going all-in. He has also warned that many global AI-linked stocks are priced for perfection and has favoured diversification across gold, private banks and insurers. The sector has fallen about 25% this year to a Nifty IT level near 28,250, and TCS reports on 8 October with Accenture’s 3% to 6% FY27 outlook providing only a modest lift because its organic growth is about 0.75% to 3.75%. For investors, the practical message is to size an IT allocation deliberately, spread it across names and time, and keep it part of a diversified portfolio.<\/p>\n<\/p><\/div>\n

Sankaran Naren on IT stocks is in focus as Indian IT heads into the September-quarter results season. The executive director and chief investment officer of ICICI Prudential AMC has been cautious on AI-linked valuations and advocates diversification, while noting that Indian IT is not uniformly expensive, which is why his advice is to avoid an all-in bet.<\/p>\n

If you are searching for what Sankaran Naren says about IT stocks, this article covers his reported views on AI uncertainty, his contrarian approach and preference for private banks and gold, his focus on asset allocation, why AI makes IT outcomes hard to forecast, how the sector has performed, the Accenture read-through, the TCS and HCL Tech results dates, a framework for sizing an IT allocation, and the risks. His remarks are from reports and not a transcript, so check the original interviews.<\/p>\n

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