CIMB Equity Research Team in a Report said,
India is unfolding as a long-term structural story, with the potential to eventually grow its GDP at 7%+ per annum on the back of measures like GST, resource auctions, and financial inclusion. A sharp drop in global commodity prices (especially oil) is providing room for monetary easing. However, short-term growth could disappoint as we believe that the investment cycle may not take-off in the next 12 months.
CIMB Has set a NIFTY Target of 9,600 by end of 2015Separately, Jefferies India Equity Research Team said,
The economy is in transition with better fiscals, softer inflation, slower low-end consumption growth and uncertain revival in investments. However, there is much left for the government to do – passage of key bills, PSU bank reforms and a boost in public spending are in urgent need. The political window of opportunity is not endless and the need is imminent. We stay positive on the
market in the hope that the opportunity is well-utilized.
