 "HSBC")
After a sharp run up from their March 2020 low, the valuation of Indian stock market has become a concern now, HSBC said in their Asian outlook conference for the second half of 2021. It maintains a ‘neutral’ rating on Indian equities, but expects foreign direct investment (FDI) to pick up pace going ahead as the economic recovery gathers steam.
“FDI in India is likely to pick up going ahead on the back of a strong rebound in growth. Any pullback in FDI, I think, will only be temporary. The government’s latest stimulus measures announced Monday are marginally positive. However, relative
