New Document top_band
 
Business Standard

Citi expects Sensex to hit 20,800 by Dec 2013

The bank remains 'underweight' on consumer staples, utilities, energy and materials

Related News

India in 2013 will be cacophonous; a mix of politics, impending elections, reforms and economic revival expectations, said in report.

The investment bank expects to reach 20,800 by December 2013, based on premise of 9.6/12 percent earnings growth for FY13/FY14 and a valuation multiple of 14.5 times - a slight discount to its 15-16 times longer-term average.

says the cyclical/risk trade that worked in 2012 should continue to be the preferred one for 2013, thereby maintaining its 'overweight' stance on banks, consumer discretionary, capital goods, , while raising telecom to 'overweight' as well.

The bank remains 'underweight' on consumer staples, utilities, energy and materials.

Citi prefers Axis Bank, ICICI Bank, Infosys, India and Bharti Airtel among large-cap stocks, while its midcap top picks are Apollo Hospitals Enterprise, Idea Cellular, Sun TV, LIC Housing Finance and .

 

Read more on:   
|
|
|
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Vietnam pepper exports crossed 110,000 tones

Whereas India could hardly managed to export only 9,500 tones of pepper during the period

Markets extend losses; RIL slumps over 2%

The S&P BSE Sensex slumped over 150 points at 26090 level while the CNX Nifty dipped over 50 points at 7,773 level

Pharma shares in demand; Healthcare index hits new high

Sun Pharma, Ranbaxy, Dr Reddy's Lab, Lupin, Glenmark, Wockhardt and Cadila Healtchare gained 1-8% on BSE.

Indian bond market to touch $160 billion by 2018: Morgan Stanley

Expects India to be the second largest issuer behind China in Asia

Sensex down over 200 points; Tata Motors, RIL dip 3%

Investors booked profits at higher levels after gains in the previous eight sessions

Back to Top