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1051 days ago • Posted by William Ramstein

Indian asset managers bet on cyclical stocks in India

India's second largest asset manager turns to telecom and utilities firms as bets on a recovering economy are materializing. Because the nation has curbed the second wave by localized curbs versus a nationwide lockdown, the impact on economic activity and businesses has been much lower--value cyclicals could see yet more gain this year.The combined value of all shares traded in India recently rose above $3 trillion for the first time, burnishing its status as the world’s eighth-largest stock market. The benchmark S&P BSE Sensex is trading at about 22 times its 12-month forward earnings estimates, versus a five-year average multiple of 18.5 times, data compiled by Bloomberg show.

Source; Bloomberg

#Stocks
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