Reported about 1 month ago
Goldman Sachs has shifted its stance on Indian stocks from overweight to neutral due to slowing economic growth, which contrasts with UBS's recommendation to 'buy the dip' as they believe the current economic slowdown is temporary. This divergence reflects uncertainty regarding the sustainability of earnings in India's stock market as consumer spending weakens and valuations remain high. While some analysts see the market's upward trend decelerating, others remain optimistic about India's growth potential amidst these challenges.
Source: YAHOO