HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India’s economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.
Infosys shares fall over 3% after Q4 results. What Morgan Stanley, other top brokerages are saying
Infosys shares dipped following a 21% profit rise, as a weaker-than-expected FY27 revenue growth forecast of 1.5% to 3.5% disappointed experts. Concerns also include a