Dipan Mehta Backs OMCs, Power Lenders; Avoids Ola Electric, Turns Positive on IT

• Dipan Mehta recommends Oil Marketing Companies (OMCs) like BPCL, citing undervaluation, capacity expansion, and dividends.
• He sees opportunities in power finance lenders REC, PFC, and IREDA due to improved management and expected 12-15% earnings growth.
• Mehta advises investors to avoid Ola Electric due to weak post-listing performance, competition, and long path to profitability.
• His stance on IT services is turning constructive, expecting growth from AI revenues, currency depreciation, and large deals.
• Pharmaceuticals could also benefit, especially with a potential US trade deal.

Why It Matters: Dipan Mehta favors OMCs and power lenders, advises caution on Ola Electric, and sees potential in IT.