After the
Morgan Stanley Upgrade of Indian Equities, everybody is doing the same. Here are some who can influence the market in a Big Way,
Citigroup in a Research Report said,
We remain constructive: (a) Macro indicators showing signs of recovery (b) Good 4Q; Sensex earnings to recover (~14% in FY17E) (c) ROEs bottoming out – should improve. India earnings/ROEs look attractive in the EM context - our
Sensex target is 28,800 (earlier 27,000) - 16x March 18E earnings
Ambit Capital Research Said,
Although the possibility of Sensex 22K remains real, it is no longer our base case scenario thanks to the firefighting done by the RBI and the Banks Board Bureau. Our new
FY17-end target is Sensex 29.5K (implying 10% upside). Given our view that there is no economic recovery underway in India
FY 2016 SENSEX EPS will be between 1330-1350 and FY2017 EPS Estimate is Rs 1550. Let us see if this really happens :-)
