Sensex may rise 19%; remain buyers of Indian equities: Morgan Stanley
MUMBAI: The Bombay Stock Exchange’s (BSE) Sensitive Index (Sensex) can climb as much as 19% even as investors debate whether soaring inflation will eat into growth and lead to earnings downgrades, said Morgan Stanley. Adani Enterprises , DLF and Coal India are top picks and small-cap companies are an attractive lot which can surprise on the upside, Morgan Stanley said.
“Indeed, the dispersion in valuations, earnings growth and stock returns appear to be favourable to stock picking,” said analysts led by Ridham Desai. “Earnings growth dispersion is high, valuation dispersion has been rising whereas return dispersion has been falling. The bottom line is that the micro environment is appealing for stock picking.” Morgan Stanley’s Sensex forecast is 22100. It ended at 18503.28 on Tuesday. “India’s biggest tail risk is that the MENA (Middle East and North Africa) crisis is prolonged and crude oil prices stay higher for longer,” he said. For more visit: Economic times
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
