HSBC maintains year-end Sensex target of 19,300

HSBC maintains overweight rating on Indian stocks, but says country now behind China and Taiwan in its preferences.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Markets » FII View

Apr 27, 2012, 08.37 PM | Source: Reuters

HSBC maintains year-end Sensex target of 19,300

HSBC maintains "overweight" rating on Indian stocks, but says country now behind China and Taiwan in its preferences.

Like this story, share it with millions of investors on M3

HSBC maintains year-end Sensex target of 19,300

HSBC maintains "overweight" rating on Indian stocks, but says country now behind China and Taiwan in its preferences.

Post Your Comments

Share Cancel

HSBC maintains year-end Sensex target of 19,300
HSBC maintains "overweight" rating on Indian stocks, but says country now behind China and Taiwan in its preferences.

HSBC says valuations still remain supportive at 13.5 times forward earnings, and maintains its year-end target of 19,300 for Sensex (vs 17,130.67 close on Thursday).

Foreign flows will be key, HSBC says, adding trading volumes by foreign institutional investors have "crashed" after the government introduced a proposal to tax certain foreign investments in the fiscal 2013 budget unveiled in mid-March.

HSBC's top picks include ITC , Bharti Airtel , Maruti Suzuki , and Titan Industries . * Also recommends Housing Development Finance Corporation , LIC Housing Finance , ICICI Bank in the financial space.

Other top picks include Power Grid , Coal India , Jaiprakash Associates , and Dr.Reddy's Laboratories , and Tata Consultancy Services .

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
HSBC maintains year-end Sensex target of 19,300

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login