India’s Stock Market Brushes Off Rocky Vaccine Rollout. Here’s Where Managers Are Looking.

January 22, 2021, Venkat Pasupuleti, Co-Portfolio Manager for India at Dalton Investments, was recently quoted in Barron’s, discussing how Covid has impacted India’s stock market. “The stock market is skewed toward companies that benefit from the crisis,” Pasupuleti says. Dalton is particularly leaning toward “large front-line banks” such as ICICI Bank (IBN) and Axis Bank (532215.India), where nonperforming loan piles have proved smaller than previously feared.

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