India Stocks Rating Raised to ‘Neutral’ at JPMorgan

India’s stock market rating was raised at JPMorgan Chase & Co. after a drop in share prices yesterday on Satyam Computer Services Ltd.’s accounting scandal provided an “attractive buying opportunity.” The recommendation was increased to “neutral” from “underweight,” JPMorgan strategists led by Adrian Mowat wrote in a report today. The 12-month price-to-earnings premium to other emerging markets has dropped to 16 percent from 77 percent a year earlier. Satyam’s scandal is “a company-specific problem,” JPMorgan said.