Citi India Strategy: Maintains a 20% overweight allocation on India
[hfe_template id='11223']
[ad_1]
Citi's latest India strategy highlights mixed trends during the recent festive season, alongside strategic shifts in global allocations. While festive demand across sectors varied, Citi remains confident in India’s positioning, maintaining a 20% overweight allocation on the country. Festive Demand: A Mixed Bag The commentary from companies regarding the festive season has been varied, with some reporting expectations being met while others fell short. Urban demand trends have been relatively muted, while rural markets have performed better, showcasing resilience.Within specific sectors, jewellery, two-wheelers (2Ws), and e-commerce have emerged as bright spots, recording decent growth during the festive period. Also Read: India Inc clocks muted sales in September quarter. More trouble coming? However, other consumer-discretionary segments, such as fashion and apparel, have exhibited weaker performance, reflecting a subdued urban consu...