HSBC downgrades Indian stocks to 'neutral' on tapering growth, lofty valuations
The brokerage slashed its end-2025 target for the BSE Sensex by 5% to 85,990. That implies a 10% upside for the benchmark, which was trading at 77,700 levels on Thursday.
HSBC downgrades Indian stocks to 'neutral', slashes 2025-end Sensex target by 5%: Here's why
HSBC has downgraded Indian equity stocks to "neutral" from "overweight" on December 9. "The cyclical growth slowdown and elevated valuations have capped the upside in the near term... (and) we see ...