Expects about 15% returns in 2011. The Sensex December 2011 target is at 22,000, similar to the 10% returns generated in 2010, says Aditya Narain of Citi.
Aditya Narain of Citi:We expect about 15% returns in 2011. The Sensex December 2011 target is at 22,000, similar to the 10% returns generated in 2010. However, the market pace should be more measured and predictable with lower volatility, fewer uncertainties and sectoral divergences more moderate. We also expect it to be a more bottom up than a top-down year with less of the mid or small cap bias of 2010. Market performance would be driven by earnings growth.
Michael Kurtz of Macquarie: The key buys of Macquarie in 2011 in India include Glenmark Pharma, with target price at Rs 475/sh, JSPL with target price of Rs 962 and RIL with target price of Rs 1244.
READ MORE ON Aditya Narain of Citi
ADS BY GOOGLE
video of the day
Revival seen only post 5 quarters; like PSU banks: Emkay