Bharat Iyer of JP Morgan says base case is for Indian equities to deliver 12-15 percent over the next 12 months, driven mainly by earnings growth forecast.
He believes key investment themes remain high quality financials with a strong capital and liability franchise; manufacturing sectors focusing on the government's early cycle investment priorities of highways, railways, power transmission and defense – cement, commercial vehicles, select capital goods; and urban consumption.In previous one year, the Sensex gained 1.83 percent and Nifty 2.8 percent.
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