CLSA upgrades India to 'overweight', increases portfolio allocation: Report
Click here!) After the upgrade, CLSA highlighted 11 quality Indian stocks with buy calls. These stocks are Ashok Leyland, BPCL, Samvardhana Motherson, HDFC Bank, Reliance Industries, ICICI Bank, Tata Motors, ICICI Prudential, ONGC, Mahindra & Mahindra and SBI Life, according to CNBC-TV18.
These stocks have a market capitalisation in excess of $6 billion, RoE of greater than 10 per cent, and EPS growth is superior to their respective emerging market sector peers, reported CNBC-TV18. Meanwhile, India's economic growth forecast for the current fiscal year has been raised to 6.3 per cent from 6.1 per cent earlier, the International Monetary Fund (IMF) said in its October 2023 World Economic Outlook (WEO) report, released on Tuesday, October 10.
IMF expects retail inflation in the country to rise to 5.5 per cent in fiscal 2023-24 before easing to 4.6 per cent in 2024-25. Also Read: IMF raises India's FY24 GDP growth forecast to 6.3% from 6.1% on stronger demand Read all market-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions."Exciting news! Mint is now on WhatsApp Channels
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