Strategist Kudva Favors Auto Ancillaries, Power, Midcap IT; Cautious on Financials, New IPOs

• Prabhakar Kudva of Samvitti Capital recommends auto ancillaries, power, and select midcap IT for growth.
• Auto ancillaries benefit from GST cuts, premiumisation, and strong domestic/export markets.
• Power sector sees tailwinds from domestic T&D and AI-related global capex, ensuring earnings visibility.
• Kudva expresses caution on private financials due to slowing growth and unexciting earnings.
• He advises selectivity on new-age IPOs, warning against high competitive intensity and "dressed up" numbers.

Why It Matters: Kudva's strategy: growth-focused, favoring specific sectors while cautious on financials and new IPOs.