Citi India Strategy: After a 10% drop in the NIFTY, stock valuations are now more reasonable. The NIFTY’s 1-year forward price-to-earnings (P/E) ratio is just slightly above the 5-year average. Q2 earnings were weak in consumer sectors, but most other sectors remained stable. Financials, Industrials, Healthcare, and Telecom are expected to see decent double-digit growth. … Continue reading India Market Strategies: Citi’s Optimism on Valuations and Growth vs. Goldman Sachs’ Cautious Outlook, Focus on Quality Stocks, and NIFTY Targets of 25,000 and 27,000