Not the right time to go 'overweight' on India: HSBC

Tags: Companies
HSBC sticks to its "neutral" weighting on India.

Bank says valuations still look high and foreign mutual funds are still "very overweight" on Indian shares.

HSBC estimates MSCI India trades at 16.5 times 12-month forward earnings vs a long-term average of 15 times.

Calls Indian shares the second most expensive in Asia ex-Japan after the Philippines.

"Is it time to overweight India? We don't think the time is right yet for us to change our neutral weighting," HSBC says.

EDITORIAL OF THE DAY

  • Stricter deterrent must to force defiant promoters to buy back shares

    The Securities and Exchange Board of India’s (Sebi’s) decision to delist companies that have been suspended from trading on stock exchanges for mo

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture