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Analysts believe that despite the stupendous rise , the stocks are relatively undervalued. Besides the improving financial strength of the two power financiers, a steady rise in power demand in the country makes for a strong investment case. ....
While slower-than-expected US GDP growth and high PCE core inflation have dealt a blow to hopes of rate cuts, analysts do not expect it to have a major impact on Indian equities ....
Ashwini Shami of OmniScience Capital also expects the RBI to cut interest rates at least once this year to balance the currency impact of a similar action by the US Federal Reserve ....
While some investors say valuations are unjustifiable going by the historic averages, others say it may well be deserved, given the strong fundamentals of the Indian economy ....