Vivek Misra, Strategist- Asian Equities, Global Research & Strategy, Societe Generale, said he expects relatively strong earnings from Indian corporates over the next 2 years
Asian markets gain with the Shanghai Composite Index touching a new 7-year high as the People’s Bank of China’s comments hint towards further monetary stimulus. In an interview to CNBC-TV18, Vivek Misra, Strategist- Asian Equities, Global Research & Strategy, Societe Generale, said he is overweight on both India and China, with the latter being one of his top picks.
According to Misra, the investor flows have been relatively strong into India. He expects relatively strong earnings from Indian corporates over the next 2 years, with signs of improvement being visible in 2-3 quarters.
Societe Generale expects potential upside of 32 percent in India by 2016 and has a Sensex target of 32,500 by the end of 2015, Misra said.
Below is the transcript of Vivek Misra’s interview with Sonia Shenoy and Anuj Singhal on CNBC-TV18.
Sonia: What is the sense you are getting about where the money is flowing out of and where it is flowing into now between India and China?
A: Firstly I would like to that state that as part of our Asia-Pacific portfolio, both China and India are our overweight calls and China remains one of our top picks. Coming back to investor flows, investor flows in this year have been weak into China but been relatively strong into India.