Jefferies adds that while most foreign investors are 'underweight' on India, valuations are now seen better in a regional context. Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jefferies says most foreign investors are 'underweight' on India even as policy reforms and GST benefits kick in. This comes at a time when the Indian market is ranked among the worst in the world when it comes to returns on a one-year basis.

In its latest Equity Strategy report, Jefferies highlighted that while a near-term bounceback is likely, the key focus for investors is to find bottom-up opportunities, especially as benchmark indices struggle to gain due to sluggish sentiment.

While the report acknowledges the telling impact of the recent GST cuts on consumption, it appears the impact has

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