Sanjay Parekh, Founder & CIO of Sohum Asset Managers, says rising crude prices and inflation pressures could keep markets under strain, with near-term earnings growth seen at 8–9%. He expects consolidation and advises gradual buying at lower levels, favouring a stock-specific approach in midcaps. Parekh remains cautious on IT due to a weak growth outlook, while seeing selective opportunities in power and pharma, and avoiding expensive valuations.
