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    HomeNewsBusinessMarketsInvestors cautious post rally, earnings recovery to be key: Citi

    Investors cautious post rally, earnings recovery to be key: Citi

    India has performed in-line with emerging markets this year, he says, adding earnings recovery remains the key. He remains constructive.

    August 10, 2016 / 15:51 IST
       
       
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      After meeting investors in Hong Kong, Singapore and Tokyo recently, Surendra Goyal of Citi India says the mood is generally cautious post the good rally.

      India has performed in-line with emerging markets this year, he says, adding earnings recovery remains the key. He remains constructive.

      Goyal's top large cap picks are Axis Bank, Aurobindo Pharma, HDFC Bank, Mahindra & Mahindra and UltraTech Cement while top midcap picks are Apollo Hospitals, Container Corporation, Emami, Exide and Gujarat State Petronet.Foreign institutional investors have bought Rs 50,000 crore worth of shares and the Sensex rallied 22 percent since March 1.

      first published: Aug 10, 2016 07:50 am

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