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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 45. in SE

Sverige Senaste nytt, Sverige Rubriker