alok agarwal

Indian Equities Offer Compelling Entry Point After Underperformance: Alok Agarwal

Alok Agarwal of Alchemy Capital Management argues Indian equities present a compelling opportunity for patient investors after MSCI India underperformed emerging market indices by over 50 percentage points. With Brent crude at $125 and FIIs having sold $20bn of Indian equities, Agarwal sees pessimism as the entry point. He favours metals and mining, capital markets, power infrastructure and defence sectors, while preferring PSU banks and smaller private lenders over large private banks.