Avendus Capital said ESG-focused companies continue to outperform their non-ESG counterparts and anticipates more ESG-focused investment flows into the country. ESG-focused equity funds in India have grown from $ 330 million in 2019 to $1.3 billion in June 2023, it said.
Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey
ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27