India Equity Strategy - Time To Mean Revert: Dolat Capital
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Dolat Capital Report
The India equity markets have continued their upsurge well into the Q3 CY21, with the Nifty 50 closing record highs.
Nifty 50, for the record, is up 132%. The outperformers within the Nifty have been a mix of metals, financials and IT Services.
Autos have been the most underperforming along with staples. Pharma has been a mixed bag.
India is consistently outperforming the emerging market peers as well as some of the developed markets – this is of course supported by strong inflows from the foreign portfolio investments as well as domestic investors.
The visibility on flows continues to be strong over the medium on strong earnings growth and stable macroeconomic variables.
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