July 16, 2012 / 8:28 AM / 5 years ago

MARKET EYE-Add risk, stay bullish in India...for now-Deutsche

* Deutsche Bank remains tactically bullish on Indian shares and
recommends investors add risk, after last month upgrading the
country's stocks to "buy." 
* Deutsche says current rally to continue on hopes for policy
reforms after presidential elections on Thursday, lower oil
prices, and "attractive" valuations.
* The investment bank says best stocks to participate in rally
are: Tata Steel, JSW Steel, ICICI Bank
, Axis Bank, Yes Bank, DLF 
and Larsen & Toubro.
* Despite recent record share prices among Indian consumer
stocks, Deutsche says stay invested, given the government's
focus on 'inclusive' growth could intensify ahead of general
elections in 2014.
* Key beneficiaries should be Mahindra and Mahindra,
Bajaj Auto and ITC.
* However, Deustche cites risk the government will not be too
aggressive with policy reforms ahead of those elections.


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