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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sanskrit does not compare with German in the job market

    While there can be no argument that the importance of Sanskrit as an all-India language needs to be emphasised, particularly for the young generation

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture