Nifty seen touching 7,000 by end 2013: Goldman Sachs

Mon Jan 7, 2013 3:57pm IST

Investors watch a display at a local share market in Chandigarh December 18, 2008. REUTERS/Ajay Verma/Files

Investors watch a display at a local share market in Chandigarh December 18, 2008.

Credit: Reuters/Ajay Verma/Files

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Global Economy

Global Economy

Chinese factories stalling as euro zone business picks up  Full Article 

M&M Upgraded

M&M Upgraded

Credit Suisse upgrades Mahindra & Mahindra to 'outperform'  Full Article 

HRW Report

HRW Report

Bigoted teachers lead marginalised Indian school kids to drop out  Full Article 

Breakingviews

Breakingviews

Manchester United’s crisis has silver lining  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage