New Delhi, April 25 -- High valuations have impacted global investors' interest in the Indian stock markets even as the country's economy maintains healthy growth rate, a top official of an international advisory firm said on Thursday.
Morningstar Investment Adviser's Director and Portfolio Specialist Dhaval Kapadia told IANS: "We think valuations are still high, though currently overall growth prospects are good. So Indian equities are slightly underweight.
"Within Indian equities, small and mid-caps are more over-valued than large caps. There have been some corrections in the small and mid-caps over the last two years but they still are high-valued."
Kapadia added that India equities, due to these valuations, look less appealing to the...