Jefferies unleashes value hunt: 11 buy stocks including 3 Adani bets as India market hits stretched valuations
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year…
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US markets, FII action among 7 factors that can steer D-Street this week
Indian benchmark indices ended the week with gains of 1%, marking their third consecutive weekly advance. The rally was driven by rate-sensitive sectors, including banking, auto, and real estate, following a surprise 50-basis-point repo rate cut by the Reserve Bank of India (RBI) on Friday. A host of important domestic and global events lined up…
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