Why Rajat Sharma prefers these 3 sectors to banks now

economictimes.indiatimes.com:

Rajat Sharma, Founder & CEO, Sana Securities, says initiating a lot of buying right now in technology and pharma sectors. Technology as a sector has done nothing. There is some kind of perception that Indian companies have not caught up with the whole artificial intelligence, with the whole AI theme and the stocks. If we look at how stocks in the US have moved, how Nasdaq has moved, the Indian IT sector has completely lagged behind and pharma is the other one.

Considering you have been bullish on the private sector banks, you must be smiling right now.
Rajat Sharma: No, actually, I have really not been bullish on private sector banking. The only bank from the private sector space that I have in my portfolio is Federal Bank and that is because I am positive on smaller private sector banks like IDFC First and Federal Bank. What I had said was, the larger private sector banks like HDFC Bank, IndusInd Bank, Axis Bank have really not delivered any return in the last three years or so.

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What is happening right now is that prices have moved in the last two-three days and these banks are playing catch up to public sector banks. HDFC Bank has delivered flat returns in the last one year. So, barring yesterday and today's move, it has gone nowhere and that has just been my view that