fintech / news / / The Hindu Business Line
Two global brokerages have downgraded India amid rising oil prices and persistent supply-side disruptions.
JP Morgan downgraded Indian equities to Neutral citing valuation and earnings risks versus EM peers.
KEY POINTS
- HSBC downgraded India to Underweight, highlighting vulnerability to imported energy prices and inflation.
- Both brokerages flagged ongoing aggressive equity issuances in India diluting investor returns.
- Renewed inflation and higher oil prices could raise non-performing loans and threaten projected 2026 earnings.
COMPANIES
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