Strategy
India
See you in three or 18. The Indian market may not hold up over the next 2-3 months
unless we see improvement in macro factors and end of policy paralysis in India.
Investors’ negative perception of India is hardly visible in valuations, with most largecap. names trading at rich valuations in the context of earnings growth and companyspecific issues. It would seem the market is already discounting positive events in the
next 2-3 months but largely ignoring the risks from continued policy ‘drift’ in India.
��
link : http://www.kotaksecurities.com/pdf/indiadaily/indiadaily17072012mv.pdf
No comments:
Post a Comment