INSUBCONTINENT EXCLUSIVE:
By Adam Haigh and Abhishek VishnoiGoldman Sachs Group Inc
potential slowdown in economic growth and upcoming elections, according to Goldman Sachs analysts, who cut India to the equivalent of a hold
The firm has been bullish on Indian stocks since March 2014 and the market has nearly doubled since then, returning more than twice that of
accompanied the stellar run for equities, confounding non-believers in recent years
The lack of breadth among rising stocks and uncertainty going into key elections next year are now becoming common refrains for those
positioning for less rosy future returns.
Valuations have also gotten stretched and history points to negative absolute and relative returns
when multiples get so far above average, according to Goldman Sachs
