global Brokerage firm CLSA has reversed its initial strategic shift from exiting Indian stock markets to investing in China. The brokerage house has decided to increase investment in India and at the same time reduce investment in China. CLSA stated in one of its reports that after Donald Trump’s victory in the US elections, challenges may arise for the Chinese markets, which is why it has taken this step. The brokerage said the trade war may increase during Trump’s second term, while currently the share of exports in China’s growth is the highest.
Investors will return to India
By early October, CLSA had increased its investments in China and reduced its investments in India. The brokerage said that it is now reversing this process, that is, it is going to increase investment in India again. Let us tell you that for some time foreign investors withdrew money from the Indian markets and invested in the Chinese market. This is expected to change after Trump’s victory.
Tips given to buy Reliance shares
Leading brokerage firm CLSA has advised buying shares of Reliance Industries. The brokerage firm said Reliance Industries shares are at an “attractive entry point” at current levels. The brokerage has set a new target for Mukesh Ambani’s Reliance Industries, while maintaining its ‘outperform’ rating. CLSA has set a target of Rs 1,650 for Reliance Industries shares with an upside of 30 per cent from the current level. Let us tell you that the current share price of Reliance Industries is Rs 1267.70.
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