Key Drivers Behind HSBC Downgrading India To Underweight

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Mani
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India PE band chart

Softer earnings near term with delayed reforms and an existing overweight stance for FIIs on India makes it difficult for the country to sustain its valuations, and accordingly, HSBC has revised its Sensex target to 26,900 (from 30,100) for end-FY15. Jitendra Sriram of HSBC in his May 15, 2015 research report titled: “India Equity Insight: Headwinds along the way,” however, believes India’s long-term growth potential remains intact. Key drivers behind the India downgrade As outlined by ValueWalk, in last week’s Asia Equity Strategy Report, HSBC cut India from overweight to underweight. In their latest research report, HSBC sheds more light…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports