Use equity corrections as buying opportunity: Credit Suisse India
April 22, 2021
Prefers cyclicals over defensive, mid-caps against large caps
Credit Suisse, a global wealth management firm, anticipates some selling pressure in the Indian equity markets in the coming weeks and has recommended that this could offer a good buying opportunity from a 6-9 month perspective.
“While the second wave of Covid-19 pandemic in India and subsequent restrictions may lead to some growth worries, we believe corporates are better placed this time. We do not expect a nationwide strict lockdown to curb the pandemic; instead policymakers could resort to partial lockdowns, faster vaccine approvals and strengthening of the healthcare infrastructure,” said Jitendra Gohli, Head of India Equity Research and Premal Kamdar, Equity Research Analyst at Credit Suisse Wealth Management India in the firm’s latest India Market Outlook Report.