Aditya Narain of Citigroup said that, "India's Q2FY14 earnings are marginally ahead of expectations with a four-quarter high and with an up/downside ratio of over 2:1. That said, more managements are now more cautious on outlook, estimates are largely unchanged, & skews are wider. We remain relatively cautious and maintain our Dec 2013 Sensex target of 18,900."
Prabhat Awasthi of Nomura said that, "We continue to prefer exporters, and private banks among rate cyclicals, but remain cautious on domestic growth cyclicals. Our Sensex target for Mar-end 2014 is 22,000. Our top five strategy stock picks are ICICI Bank, HCL Tech, RIL, Tata Steel and NTPC."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
