Rural demand on upswing: Kotak Institutional Equities
Published on Wed, Feb 01, 2012 at 08:00 | Source : CNBC-TV18
Updated at Wed, Feb 01, 2012 at 09:09
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Rural demand on upswing: Kotak Institutional Equities
Rural demand is on the upswing, which augurs well for various sectors, says Sanjeev Prasad of Kotak Institutional Equities. He likes ITC, GSK, Godrej Cons, Marico, M&M and M&M Finance.
Here are experts equity calls for the day on how the markets are expected to trade:
Sanjeev Prasad, Kotak Institutional Equities: Rural demand is on the upswing, which augurs well for various sectors. Our worry about the long-term impact of fiscal transfers cannot discount its ability to offer a significant near-term consumption boost. We like ITC, GSK, Godrej Cons, Marico, M&M and M&M Finance.
Ridham Desai, Morgan Stanley: Aggregate earnings have come in 4 percentage points behind our expectations but are up 5% YoY. Excluding forex losses, earnings growth for the MS coverage universe could be at 11% YoY. For the broader market, revenue growth remains strong across market cap segments.
