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E-mail ID will not be published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

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture