Rishabh Nahar Predicts Q3 FY26 Earnings Divergence; Markets Demand Delivery

• Rishabh Nahar expects Q3 FY26 earnings season to be crucial, with markets seeking confirmation and significant divergence across sectors.
• Mid-tier IT firms are acquiring capabilities like digital engineering and AI, signaling proactive moves, but IT sector recovery will be uneven.
• Staples are no longer a high-growth sector but a "steady compounding space" due to maturity and increased competition.
• Auto ancillaries remain attractive, driven by vehicle volume growth, value addition, and exports, with differentiation being key for success.
• Gold serves as a portfolio stabilizer; gold financiers' performance depends on lending discipline and business fundamentals, not just gold prices.

Why It Matters: Q3 FY26 earnings will show significant divergence, with markets demanding actual delivery on priced-in expectations.