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    HomeNewsBusinessMarketsNifty may move to 9642, Maruti, SBI top picks: Barclays

    Nifty may move to 9642, Maruti, SBI top picks: Barclays

    Our 12-month forward Nifty target of 9,642 suggests a 24 percent upside potential from current levels, says Bhuvnesh Singh of Barclays.

    October 01, 2015 / 08:33 IST

    Bhuvnesh Singh of Barclays said, "While the corporate earnings recovery has been held back by restrictive monetary and fiscal policies, a turnaround could be underway. We believe an earnings recovery is likely in H2FY16 driven by consumption-oriented sectors. Our 12-month forward Nifty target of 9,642 suggests a 24 percent upside potential from current levels.""Our best stock ideas are Axis Bank, Concor, Dr Reddy's, HDFC Bank, Maruti Suzuki, SBI, Tata Motors, Godrej Consumer and UltraTech Cement," he added.

    first published: Oct 1, 2015 08:33 am

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