What Next for Indian Equities?

JPMorgan India manager expects the next five years of Narendra Modi's rule to be fruitful for investors in the country

James Gard 26 June, 2019 | 11:14AM

Narendra Modi, India Prime Minister

Indian stock markets hit record highs after Narendra Modi was re-elected in a landslide victory in May, but is the best yet to come from Indian equities?

That’s the view of JPMorgan India Investment Trust (JII) manager Rukshad Shroff, who argues that corporate earnings are starting to bottom out after a long slump. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Housing Development Finance Corp Ltd2,059.70 INR0.84
ICICI Bank Ltd416.95 INR0.98
JPMorgan Indian Ord601.50 GBX0.59
Reliance Industries Ltd2,113.05 INR0.29

About Author

James Gard  is content editor for Morningstar.co.uk

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