38137
India Stocks Pricey
World Economy

India Stocks Pricey

Indian equities are expensive even after the worst start to the year since 2011 for the most accurate forecaster for the nation’s benchmark stock index. The reason: earnings, Bloomberg reported. Company earnings will grow 12% in 2016, slower than the “very optimistic” 18.5% forecast by analysts, Devendra Joshi, Asia equity strategist at HSBC Holdings Plc, said in a phone interview from Hong Kong. The S&P BSE Sensex ended 2015 within 1% of his year-end target of 25,800, the closest call among the gauge’s forecasters. The Sensex, which tumbled into a bear market last month, is still valued at a 47% premium over a gauge of emerging markets. The valuation may not sustain as a recovery in corporate profitability is taking longer than expected, Joshi said. Net incomes at the 30 index members have declined in four of the last five quarters, according data compiled by Bloomberg. The declining streak is the worst since 2008 when profits fell for six straight quarters amid the global financial crisis, the data show.

 

Short URL : http://goo.gl/wtKnyF
  1. http://goo.gl/kJI194
  • http://goo.gl/iSjNlX
  • http://goo.gl/NiXcW1
  • http://goo.gl/CKAonF
  • http://goo.gl/r1ozf6

You can also read ...

The expected increase in the squeeze on living standards comes as the weak pound pushes up the cost of imported  fuel, food and raw materials.
All eyes will turn Tuesday to Britain’s consumer price index...
Australia Household Debt Rising
Household debt in Australia has been on the rise as more...
The eurozone economy has enjoyed a surprisingly strong 2017.
Exports of goods from the eurozone jumped in August,...
Venezuela Needs $30b a Year to Rescue Economy
The International Monetary Fund calculates a potential rescue...
World Bank says another $500 billion in infrastructure spending is needed over the next five years.
Indonesia is on track to become a trillion-dollar economy and...
Japan Factory Output Up
Japan’s industrial production increased less than initially...
Increase in China Factory Price Inflation
China’s factory price inflation rose again in September,...
Russia FDI Almost Doubles
The volume of foreign direct investment has almost doubled in...

Trending

Googleplus