JPMorgan Sectoral Outlook
  • Elizabeth George
  • Oct 21 2013

October 21: JPMorgan’s Adrian Mowat says banks are trading at a discount to their historical price although there may not be any long-term damage to bank ROEs. He also sees good results from Indian IT companies but is not pushing IT now as the rupee rise is likely to rotate interest back to banks. In the energy sector, RIL has benefitted from being a dollar-based business, he adds.