Nomura upgraded India's rating from 'neutral' to 'overweight'

-


Ahmedabad: Brokerage firm Nomura has upgraded India's rating from 'neutral' to 'overweight'. The China Plus One policy has a major role behind this upgrade. Global companies are looking for an alternative to China for business and India will be the best investment and manufacturing location for them, Nomura said in a report issued to investors on September 27.

However, Japanese brokerage firms have taken a cautious stance on Asian stocks as the US central bank Federal Reserve's interest rate hike policy to curb inflation and rising commodity prices could prove detrimental.

Nomura has warned that higher interest rates and bond yields in the US could lead to a major recession in 2024 if the Federal Reserve does not change its stance.

Nomura's report said that despite the possibility of a cyclical slowdown, India's fundamental attractiveness has not been affected. Stock markets thrive in K-shaped economies, in which earnings growth is high and domestic flows are strong. The report said that FDI in domestic manufacturing is increasing.

Along with India, Malaysia has been upgraded to neutral, Taiwan has been downgraded to neutral from underweight. Overweight stance on China and Korea has been adopted. Our preference is for companies with strong balance sheets, which can provide very good returns but, we want to stay away from high valuation sectors of the market.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more