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Nomura hikes India exposure; M&M, Fortis, UNO Minda among favourites

In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and Chinas recovery disappoints.
Nomura Chetan Seth Uttam Ghosh Rediff Larsen Toubro Anshuman Agarwal Ankit Yadav Reliance Industries Is Nomura
Source: rediff.com

Nomura: Nomura upgrades India to overweight; ICICI, Axis and RIL among top picks

"We see recent softness driven by higher oil prices as an opportunity to raise exposure," said Nomuras analysts including Chetan Seth, Anshuman Agarwal, and Ankit Yadav in the firms Asia strategy note to clients. "While this weakness may persist in the near term, thus presenting even better timing, we think the window of opportunity might not be open for too long."
Chetan Seth Anshuman Agarwal Uno Minda Ankit Yadav Reliance Industries Axis Bank

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