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

BENGALURU - Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum.

Citi's view is underpinned by the expectation that India's economy - the fastest growing among major peers - will remain strong, growing at 6.8% in the current fiscal. The brokerage remains "overweight" on India's banks, insurers, public sector enterprises, autos and capital goods companies among others. It recommends "underweight" on information technology firms, metals, consumer durables and discretionary as well as paint companies.

China's markets, however, have benefitted from a rising share of foreign inflows, helped by valuations that are relatively cheaper than India's.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

New York companies say they're owed thousands for 2022 holiday light show at Citi FieldThree New York companies say their bills are being ignored after lighting up Citi Field for the Amaze Light Festival.
Fuente: CBSNewYork - 🏆 268. / 63 Leer más »