Citi upgrades India to "overweight" citing stable earnings, economic growth

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Explore stories from Atlantic Canada.

What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsBENGALURU - Citigroup analysts upgraded India to"overweight" from"neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum.

The brokerage’s estimates imply an earnings CAGR of 13% for FY24-FY26, with the trajectory broadly stable, Surendra Goyal, managing director and head of Indian research at Citigroup, said in a note on Friday, while also attributing the India upgrade to sustained economic growth. Citi downgraded China to"neutral" from"overweight", saying the recent rally in its stock markets occurred despite weakening fundamentals.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités