With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year … Read more
Sunil Koul, Executive Director (Asia Pacific Portfolio Strategy, Global Macro Research), Goldman Sachs, says: “We have a barbell approach within the market. We have bets which we like from a more tactical value side of things, so we are overweight China A-share markets, we are overweight some of the North Asian markets which includes Japan … Read more
FY24 has started with a bang with MSCI India moving up 13%, when MSCI World index was up only 4% and MSCI EM down 1%. India is the second-best performing market since April 2023, coming behind the Japanese Nikkei which is up 15%, tipping NASDAQ which is up 12%. (Source: Bloomberg) India’s economic and earnings … Read more