News > Brokerages turn cautious on India amid concerns over pricey valuations

Brokerages turn cautious on India amid concerns over pricey valuations

Business Standard | 26/10/2021 08:38 AM | Click to read full article

Foreign brokerages have turned cautious on India amid concerns over pricey valuations and earnings delivery. In the past week, at least three brokerages have recommended their clients to consider a higher exposure to other markets such as China and Indonesia, which have hugely underperformed India this year.

Japanese firm Nomura on Monday downgraded Indian equities from ‘overweight’ to ‘neutral', citing unfavourable risk-reward.