₹27434 crore.Credit Suisse has shifted its overweight stance from China and Thailand to India and Australia reflecting its expectations that economic and earnings recoveries are just starting their most rapid phases for the two markets.
India looks much better positioned cyclically and relative to the pandemic.After Credit Suisse upgraded India to overweight, it said that India’s earnings per share (EPS) momentum is among the region's strongest. “India suffered a severe outbreak but has seen a dramatic drop in infections, likely due at least in part to achievement of herd immunity in some locations.