Matt Orton sees India stock picks despite FII outflows
In short
Matt Orton, chief market strategist at Raymond James, said higher yields and FII outflows are making markets harder. He still likes a few Indian stocks, including M&M, Eicher Motors, Nykaa and Adani Ports.
This matters because it suggests some Indian shares may still attract buyers even when the wider market is under pressure. The report does not give any price targets or new calls.
What the reporting says
Matt Orton of Raymond James said higher yields and foreign institutional investor outflows are pressuring markets, while still seeing selective opportunities in M&M, Eicher Motors, Nykaa and Adani Ports. The publisher-supplied summary does not say whether he changed any target, rating or time frame. The immediate implication is a cautious but selective view on Indian equities.
Why it matters
Matt Orton, chief market strategist at Raymond James Investment, said higher yields and FII outflows are challenging markets while still favoring selective opportunities in M&M, Eicher Motors, Nykaa and Adani Ports. The summary frames this as a stock-picking view rather than a broad bullish call. The affected area is Indian equities, but no target prices, ratings or valuation metrics were reported.