Goldman Sachs Downgrades Indian Equities from Overweight to Market-Weight

Goldman Sounds the China Alarm and Cuts Metals Outlook

Gold Silver Reports (GSR) — While earnings have improved, Indian equities have almost doubled over the past five years and outperformed the Asian region by 60 percentage points in US dollar terms, said the investment bank in the note. “At current levels, we believe the risk reward for Indian equities is less favourable and we lower our investment view from overweight to market-weight,” they said.

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Godrej Agrovet Gains On Unit Merger Plans – GSR

Shares of the agribusiness company rose as much as 2.9 percent to Rs 594.35.

The company mulls to merge its subsidiary Astec LifeSciences with self on Sept. 14. The company holds a 57.4 percent stake in Astec Lifesciences, as reported to the exchanges.

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