Our selection criteria favours companies which generate high returns on capital and are currently undervalued. Our valuation measure is based on P/FCF instead of P/E, as we believe a company’s free cash flow generation ability is a better predictor of future returns than post tax earnings.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise
September 28, 2026