3 midcap baskets where earnings may grow over 20% in next 3 years: Gautam Duggad

economictimes.indiatimes.com:

Gautam Duggad, Head Of Research — Institutional Equities, Motilal Oswal Financial Services, says: “The consumer discretionary sector holds a significant position in our model portfolio, with eight consumer stocks, predominantly of a discretionary nature. The second sector of interest is hotels, which has ample room for growth after emerging from a decade-long downtrend. Similarly, the real estate sector, which witnessed a prolonged downturn from 2008-09 until recently, is now showing signs of a more enduring uptrend. ”
What is the outlook when it comes to the IT space? Does that cautious stance continues due to uncertainties? If so, would the strategy be to look at a mix of large and midcaps or would you stick to just the largecaps?
Gautam Duggad: As far as IT is concerned, we are running an underweight stance in our model portfolio. While the stocks have underperformed, especially the largecaps because if you look at the prices of some of the largecaps today, they are still trailing the prices that they had in October 21. Now, with Accenture's guidance yesterday and commentary, the softness can continue to prevail and we might see a little more earnings downgrade.

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Expectations are quite moderate there. It is not as if people are expecting manna from heaven from IT