Gautam Chhaochharia

Unfortunately, however, the valuation expansion in India has taken the country back to looking less attractive, UBS said.

State elections outcome won't affect market: UBS Securities

Although he adds that investors have beem closely following Narendra Modi after his decision to ban high denomination currency last year. So, any BJP win or loss by a huge margin is likely to affect market, he adds.

Budget 2017: 'Markets won't be spooked by talk on corporate tax, LTCG'

Speaking to CNBC-TV18, Gautam Chhaochharia, Head of India Research, UBS Securities, said the markets expect changes to the corporate tax regime and have already digested it,

Demonetisation pain to last till Mar; underweight on cement: UBS

Gautam Chhaochharia, Head of India Research at UBS Securities says the main impact would be felt in March as demand destruction continues. He feels the impact will last till the fourth quarter of FY17. The near-term worry due to demonetisation can still be felt, he adds.

See Nifty earnings growth at 5% in FY17: UBS Securities

Speaking to CNBC-TV18 Gautam Chhaochharia, Head of India Research at UBS Securities, said that the longer India story remains intact. Demonetisation doesn‘t impair the economic trajectory in the long term.

A rate cut isn't something India needs now: Edward Teather

CNBC-TV18‘s Latha Venkatesh caught up with Gautam Chhaochharia, Geoffrey Dennis & Edward Teather of UBS from the sidelines of the UBS conference. They spoke on topics ranging from India‘s demonetisation drive to US presidency.

RBI may not pay special dividend to govt from cash haul: UBS

On speculation that RBI may pay a special dividend from the cash clean-up act, Gautam Chhaochharia of UBS Securities said that RBI should not be looked at as a company but as a policy-making body. Hence, it should not be presumed that the central bank will pay a special dividend.

Don't see monetary policy stance change till early 2018: UBS

According to Gautam Chhaochharia of UBS, H2FY17 growth recovery hopes will likely be dampened though as 7th Pay Commission and monsoon impact is over-estimated by street.

Look at agricultural space, says Gautam Chhaochharia

Gautam Chhaochharia, Head-India Research at UBS Securities is of the view that one may look at agricultural space.

Chhaochharia overweight on non-banking financial companies

Gautam Chhaochharia, Head-India Research at UBS Securities is overweight on non-banking financial companies.

Broader long-term India story intact; like pharma, NBFCs: UBS

The broader long-term India story is fairly robust and remains intact. So long-term investors need not worry, but shorter-term, the market is richly valued, said Gautam Chhaochharia, Head-India Research, UBS Securities.

Pay hikes may not aid urban demand revival in H2FY17: UBS survey

Central Pay Commission (CPC) may not aid an urban demand recovery in second half of FY17 as widely anticipated says a UBS Evidence Lab's report put together by Head of India Research Gautam Chhaochharia and Analyst Sanjena Dadawala.

Financial services revival to be next big leg-up for India: UBS

While the markets continue to rally higher, UBS's Gautam Chhaochharia believes that risk reward is still not attractive here.

UBS Securities sees earnings growth in FY17 to be 10%

In an interview with CNBC-TV18 Chhaochharia discussed the impact of GST on various sectors and how it will affect the corporate earnings.

GST a key near-term driver for market sentiment: UBS

According to him, in the first couple of years of GST implementation, it may be quite disruptive and impact uncertain. The wide range of revenue-neutral-rate by various expert committees/institutions indicates the complexity and unpredictability, he says.

Gautam Chhaochharia bullish on NBFC

Gautam Chhaochharia, Head-India Research at UBS is bullish on NBFC.

Gautam Chhaochharia overweight on oil and gas space

Gautam Chhaochharia, Head-India Research at UBS is overweight on oil and gas space.

Gautam Chhaochharia neutral on consumer staples

Gautam Chhaochharia, Head-India Research at UBS is neutral on consumer staples and discretionary space.

Gautam Chhaochharia overweight on pharma space

Gautam Chhaochharia, Head-India Research at UBS is overweight on pharma space.

Monsoon ideas - underweight on 2-wheelers; buy Maruti, M&M: UBS

"We have a buy rating on Maruti and Mahindra & Mahindra. Our preferred picks on the monsoon theme would be Coromandel International and Emami," Chhaochharia says.

Rate cut key beneficiaries: UBS picks LIC Housing, HDFC Bank

Gautam Chhaochharia of UBS says LIC Housing Finance and HDFC Bank remain top picks and would be key beneficiaries from this policy action.

Investors with 6-7 months horizon won't worry about LTCG: UBS

Gautam Chhaochharia, Head-India Research, UBS Securities, says: "The consolidated fiscal deficit number is not looking good and the quality of spending will most definitely deteriorate as the bulk of spending will come from the states."

Slow GDP recovery may change govt's policy stance: Report

Moreover, investors looking at APAC/GEMs are largely unaware of any such policy shift or haven't realised the full impact as they are looking at the CPC narrowly from central government's fiscal perspective, said Gautam Chhaochharia, Head of India Research, UBS, and author of the report.

See Nifty at 8200 by Dec, earnings cut likely in 2016: UBS

Gautam Chhaochharia, UBS sees limited room for a re-rating and forecast an end-2016 Nifty target of 8,200 based on a 15x one-year forward PE multiple.

FIIs upbeat on India, say Nifty to touch 9000 in 2016

Ridham Desai, MD, Morgan Stanley India, says India continues to be the best house in a bad neighbourhood and that there is tremendous appetite to buy India.