MARKET EYE-Macquarie says Indian 'elephant' to turn 'tiger'; ups Sensex target

Wed Jan 16, 2013 2:32pm IST

Related Topics

Stocks

   

* Macquarie says Indian 'elephant' to turn 'tiger' in 2013; ups 
BSE index target to 22,200 versus 21,600 earlier and
NSE target to 6,900 points as against 6,600 previously.
* Investment bank expects reforms push would take India to 8 pct
per annum growth over the next three years, improving to 6.7
percent in FY14 from 5.6 percent projected in FY13.
* Corporate earnings growth may surprise on upside around 16-17
percent as street not factoring in improvement in EBITDA margins
with neither falling core inflation nor reduction in interest
costs getting built in, the note says.
* Cyclical sectors are even cheaper and are at 10-year low as
compared to defensives, it says.  
* Adds Axis Bank, State Bank of India and
property developer DLF to its top 10 ideas, replacing
ICICI Bank Dr.Reddy's Laboratories and HDFC
Bank.

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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

Markets

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

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