Robert Parker, Vice Chairman, Credit Suisse is bullish on Indian markets and feels that one should enter in the Indian share market now as now is the right time to enter considering the correct valuations available for buying the stocks. His opinion is expressed below and we quote:
The reason why I say that is yes the argument for going back into the Indian market is that obviously valuations today are cheap relative to the situation in the summer mid-2011. We still have a PE ratio on China of close to 8, similarly in Brazil. In Russia PE ratios are close to 5. There are some markets like Mexico, Taiwan and Indonesia where the valuations are now higher than India. But the valuations levels are still not compelling to encourage a big move back into the Indian market. I do think from these levels, downside risk in global equity markets and the Indian market is quite low. My central case is we probably drift sideways or go down slightly in Q1 of the year and then we form a base for a more durable recovery in H2.
We look forward to your continous patronage for stock market expert advice on daily basis to help you make money like professionals in share market of India.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
