Nifty seen touching 7,000 by end 2013: Goldman Sachs
Reuters Market Eye - Goldman Sachs maintains its "overweight" call on Indian stocks, with an end-2013 target for the Nifty of 7,000 points.
Goldman includes Bajaj Auto(BAJA.NS) and Tata Steel(TISC.NS) in its Asia-Pacific "growth recovery" group of stocks that have favourable growth and valuations, according to its Asia-Pacific outlook report dated Jan 4.
The bank sees Infosys as a stock with a potential "catch-up" opportunity after lagging in 2012.
Infosys shares fell 16.2 percent in 2012, widely under-performing the broader 27.7 percent gain in the Sensex.
Goldman also highlights Tata Motors, Sterlite Industries (India) Ltd STRL.NS and Hindalco Industries Ltd as stocks with favourable macro exposure and attractive profiles versus regional peers.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this
The after-glow of Narendra Modi's election victory nearly four months ago is expected to have helped India's lumbering economy register its fastest growth in more than two years for the quarter ending in June. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article
Adani buys Australia coal mine royalty rights from Linc for $145 million Full Article