SBICAP Securities sees Nifty at 12,500 by December 2018
ET Bureau|
Dec 19, 2017, 05.56 PM IST
Mumbai: SBICAP Securities sees the Nifty index at 12,500-level by the end of 2018 backed by strong earnings trajectory.
Earnings trajectory looks strong over the next two years due factors such as GST-led consumption boost, cyclical earnings revival, favourable commodity conversion price and low cost of debt, the brokerage said in a note.
SBICAP Securities said the rating upgrade by Moody's and bank recapitalisation measures undertaken by the government will further strengthen the broad economic outlook.
SBICAP Securities said inflows from mutual funds will continue to be a major driver of the market in the coming months and emphasis will be on quality companies with premium on corporate governance.
The brokerage is positive on stocks such as Repco Home Finance, Ujjivan Financial Services, GHCL, Hindalco Industries, Havells, V-Guard Industries, SKF India, Rallis India, Infosys, NBCC, Hexaware and Emami.
Earnings trajectory looks strong over the next two years due factors such as GST-led consumption boost, cyclical earnings revival, favourable commodity conversion price and low cost of debt, the brokerage said in a note.
SBICAP Securities said the rating upgrade by Moody's and bank recapitalisation measures undertaken by the government will further strengthen the broad economic outlook.
SBICAP Securities said inflows from mutual funds will continue to be a major driver of the market in the coming months and emphasis will be on quality companies with premium on corporate governance.
The brokerage is positive on stocks such as Repco Home Finance, Ujjivan Financial Services, GHCL, Hindalco Industries, Havells, V-Guard Industries, SKF India, Rallis India, Infosys, NBCC, Hexaware and Emami.
