Foreign Investors Explore Indian Stocks, But Stay Cautious On Big Bets: UBS

Foreign long-only investors are increasingly exploring stock-specific opportunities in India but are not yet making significant investments, according to Gautam Chhaochharia, Head of Global Markets, India, UBS. He said investor interest has improved over the past 2-3 months as earnings have picked up and macro growth has remained resilient. However, India has not regained its relative earnings-growth advantage over other emerging markets, while valuations remain relatively highForeign long-only investors are increasingly exploring stock-specific opportunities in India but are not yet making significant investments, according to Gautam Chhaochharia, Head of Global Markets, India, UBS. He said investor interest has improved over the past 2-3 months as earnings have picked up and macro growth has remained resilient. However, India has not regained its relative earnings-growth advantage over other emerging markets, while valuations remain relatively high.