Prefer to play financials through private banks and NBFCs via SMIDs over next 1 year: Venugopal Garre
"For India, IT services is a real bread and butter business, which means that it cuts across industries. So it is something which is more like akin to utilities in some way. It is a very critical function but it is nothing related to pure high tech. It is spread across every industry. So they tend to be more generic or slower in terms of growth rates. So perhaps that is not the right way to play even something like an AI."