Edward Pulling, managing director and chief information officer, Asia Pacific Equities at JP Morgan AMC remains cautiously optimistic on India. "We need to see concrete action by the Indian government," he adds.
In an interview to CNBC-TV18, Edward Pulling, managing director & chief information officer, Asia Pac Equities, JP Morgan AMC gives his predictions for the Indian economy.
Sakthi Siva of Credit Suisse said the reason for the big pushback to their call to switch out of expensive defensives like ITC, TCS, Lupin and Sun Pharma into cheap cyclicals like Tata Motors, Reliance and Tata Steel, is the superior EPS growth and EPS revision trend among the expensive defensives.