HSBC downgrades India to ‘Neutral’. Cites softening profits, high valuations
- Posted on January 9, 2025
- By Business News Today
- 2 Views
HSBC downgrades India to ‘Neutral’. Cites softening profits, high valuations
HSBC has downgraded its rating on India to 'Neutral' from 'overweight', forecasting a Sensex target of Rs 85,990 for 2025. They reduced FY25 earnings growth for Nifty 50 from 15% to 5%, citing unsustainable profit growth and elevated valuations. This may prompt investor re-evaluation in Indian equities.
