The global investment bank in its base case scenario (with 50% probability) expects Sensex to trade at 36,000 by June 2019 which is under 16x one-year forward P/E, and below historical averages.
The Binani Cement case has turned out to be a test of India’s recently implemented Insolvency and Bankruptcy Code
The rupee weakening is a great time for some of the larger players looking at deals in India, says Raja Lahiri, partner - transaction advisory services, Grant Thornton.