Barclays sets higher target for India’s NSE index ahead of Budget 2015

Barclays sets 12-month target of 10,219 for India's NSE index, previous target was set almost a year back.

Written by Reuters

February 27, 2015 14:00 IST

Barclays sets 12-month target of 10,219 for India’s NSE index, previous target was set almost a year back.

Indian companies could generate double-digit returns in 2015, bank says in a report on Thursday.

Cites underlying earnings growth expectations, valuations and India’s relatively better position vs other emerging markets as key reasons.

Highlights Axis Bank, Container Corp, HDFC Bank and Hindalco Industries among top picks.

Also, likes Just Dial, Lupin, Maruti Suzuki, Tata Motors, Titan Company and UltraTech Cement.

Maybank Kim Eng also upgraded India on Tuesday to “overweight” from “neutral” and raises 2015 target for NSE index to 9,520 from 8,375

This article was first uploaded on February twenty-seven, twenty fifteen, at zero minutes past two in the afternoon.