Banking Valuations Attractive, IT Growth Still Uncertain, Says Franklin Templeton's Ajay Argal

With the IT sector extending its decline through the month Ajay Argal, senior vice president and senior portfolio manager at Franklin Templeton, maintains a cautious stance on the sector due to uncertainties around AI. He calls this stage a transitioning phase. On the other hand, Argal highlighted the attractive valuations and growth potential in banking sector.Franklin Templeton had been underweight on the IT sector, and Argal conti...