BUSINESS

Credit Suisse overweight on Indian shares, bets on cyclicals

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Star Live 24, Star Live 24
Friday, January 03, 2014
Published On: 12:00:22 PM
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Cyclicals could continue to outperform defensive stocks, adds the investment bank.

"We believe valuations, EPS revision trends, and rises in US bond yields and the ISM (Institute for Supply Management) suggest cyclicals could have further to outperform," Credit Credit Suisse says in the report dated Thursday.

Its top picks in Asia ex-Japan portfolio include HCL Technologies, Wipro, Tata Motors, Reliance Industries (RIL), Sesa Sterlite Ltd and Cairn India Ltd.

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