Jitendra Gohil, Chief Investment Strategist at Kotak Alternate Asset Managers, suggests cautious investment in the auto sector, particularly in domestic tractor and commercial vehicle (CV) players, while being wary of auto ancillaries exposed to global markets. He notes that rural consumption is recovering and forecasts a strong March quarter for four-wheelers. In the banking sector, he favors PSU banks for their lower exposure to risky lending amidst a challenging environment, suggesting patience is needed for recovery. Meanwhile, he sees potential in midcap IT companies supporting defense industries, with hiring prospects improving in the sector.