Indian equities are entering what Morgan Stanley’s Ridham Desai calls a “rare combination” phase that, in his view, strengthens the case for a valuation re-rating of domestic stocks. Indian stocks, Desai argues in a strategy report, now offer an unusual mix of “inexpensive relative valuations, poor trailing performance, strong policy stimulus and a consequent growth […]
Indian equities are primed to narrow their rare underperformance versus Asian peers after New Delhi and Washington clinched a long-awaited trade agreement, removing a key overhang that had weighed on the nation’s financial assets and triggered record foreign outflows. The accord, announced late Monday night India time, saw President Donald Trump cut the reciprocal tariff […]