Quantum AMC's George Thomas on sectors to watch as crude prices ease

George Thomas, Fund Manager-Equity at Quantum AMC, which managed assets worth over ₹3,948.11 crore as of March 2026, believes lower crude prices could benefit oil marketing companies, gas utilities and businesses dependent on crude derivatives. However, he cautioned investors against relying on volatile earnings and advised focusing on normalised profit levels and valuations. Thomas said financials remain the fund's largest allocation, while IT stocks have become attractive from a valuation perspective despite near-term demand uncertainties.