Hedge Fund Backed by KKR Bets India Stocks to Rise, CPI to Fall
- Wagers on gains to come in consumer discretionary shares
- Inflation figures likely to show declines from September
The Bombay Stock Exchange.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Indian stocks are an attractive bet because inflation has peaked and this will become evident in price data within a few months, according to a hedge fund backed by KKR & Co.
“We are big on consumer discretionary, led by auto, and industrials -- these industries will immensely benefit when prices fall,” Vaibhav Sanghavi, co-Chief Executive Officer of Avendus Capital Public Markets Alternate Strategies, said in an interview in Mumbai.