Timothy Moe, Goldman Sachs said, "We remain overweight India as cyclical upturn and profit recovery appears underway. We expect Indian corporate earnings to grow 10 percent this year and 14 percent next year, highest within the region.""Stocks with a high proportion of US revenues may underperform. The buy-rated stocks that are on our conviction list include HDFC Bank and Yes Bank in India," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
