 "GAUTAM CHHAOCHHARIA Head of India research, UBS Securities")
India has been the best-performing market globally thus far in calendar year 2017. Gautam Chhaochharia, head of India research at UBS Securities, tells Puneet Wadhwa that the current all-time high Nifty valuations can be justified only if we presume double-digit earnings growth into perpetuity. His CY17-end base case scenario target for the Nifty50 index is 9,000. Edited excerpts:
The markets are at an all-time high when economic indicators are at a decadal low. What explains this dichotomy?
Hopes of growth recovery aided by reforms and strong local retail flows explain the dichotomy. The goods and services tax (GST)
The markets are at an all-time high when economic indicators are at a decadal low. What explains this dichotomy?
Hopes of growth recovery aided by reforms and strong local retail flows explain the dichotomy. The goods and services tax (GST)
