Surendra Goyal

The government has tried to align the new rates close to existing rates, so the impact may not be very significant for most segments, says Surendra Goyal of Citi.

BJP's anti-corruption drive may continue: Citi

Surendra Goyal of Citi says since there are no further state elections in 2017, the BJP might be emboldened to carry on with its anti-corruption agenda and even push for more contentious reforms like labour reforms.

Maintain September 2017 Sensex target at 30000: Citi

Domestic flows continue to be robust and the Q3 earnings season was better than feared. That continues to support the market, Surendra Goyal of Citi feels.

Citi sees 12% Nifty earnings growth in FY17, Sensex target @ 30K

Surendra Goyal of Citi expects Sensex/Nifty earnings growth of 10/12 percent in FY17 and 15/18 percent in FY18, respectively. He remains constructive and maintains Sensex target of 30,000.

Beyond Budget, GST to remain key investor focus for 2017: Citi

Surendra Goyal of Citi says in the run-up to the Union Budget this year, MSCI India is up 3 percent in 2017 so far, with expectations of a tax-payer friendly Budget to boost consumer sentiment post demonetisation.

Market likely to be rangebound, holds Sensex target of 30K: Citi

Surendra Goyal of Citi says the market is likely to be rangebound till some clarity emerges. He maintains September 2017 target of 30,000 on the Sensex.

Fall in re to spook FIIs; see mkt range-bound in near term: Citi

Surendra Goyal said that this depreciation in rupee will spook foreign institutional investors (FIIs).

September quarter earnings likely to be weak: Credit Suisse

Neelkanth Mishra of Credit Suisse says while the broader Indian market hasn't moved much in the last two months, it has continued to outperform global equities marginally.

Prefer largecaps over midcaps; Aurobindo, Axis top picks: Citi

Midcaps continue to do well, outperforming the market by nearly 15 percent over the past year, says Surendra Goyal of Citi, adding while domestic fund flows have indeed helped, even FII ownership continues to rise in midcaps.

See volatility, continue to buy on dips; HDFC top pick: Experts

Surendra Goyal of Citigroup feels volatility could continue in the near term. Unless Pakistani forces take an aggressive stance, this dip will be prove to be a buying opportunity, Mahesh Nandurkar of CLSA says.

Cautious on EMs after 20% rally, ups Sensex target to 30k: Citi

After meeting investors in US over the past couple of weeks, Surendra Goyal of Citi says while most investors still like India in the emerging markets (EM) context, the mood on EMs overall is generally cautious post the rally of 20 percent since February.

See 13-14% earnings growth in FY17, add InterGlobe: Citi

Surendra Goyal of Citi says financials (mainly public-sector banks) continue to be a drag on overall growth, adding ex-financials profit growth at around 14 percent YoY was decent.

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.

Sensex 1-yr target at 28800, Q1 earnings to be flattish: Citi

"Earnings, ex-commodities, are expected to be up 6 percent (YoY) versus a sharp decline in Q4FY16. Q1FY17 earnings are nearly 23 percent of our FY17 expectation," Surendra Goyal of Citi says.

See 14% earnings growth in FY17; Aurobindo, Axis top picks: Citi

According to Surendra Goyal of Citi, PSU earnings may benefit on reported employee costs & some corporates like Maruti Suzuki & Hero MotoCorp may gain due to higher interest income.

Expect 14% Sensex earnings growth for FY17: Citi

Surendra Goyal of Citigroup India said the brokerage has revised its outlook for Sensex to 28,800 from 27,000 drawing confidence from the good earnings show India Inc delivered in March quarter of FY16.

Narayana Murthy's return positive for Infosys: Goyal

Surendra Goyal of Citi India says one can wait and watch for next four quarters and trends become clearer for Infosys. "We believe at margin it is a positive," he adds.

HCL Tech top pick in IT sector: Surendra Goyal

Surendra Goyal of Citi India says HCL Tech has been our top pick in the sector for the last three years or so. On TCS we have a neutral right now.

Check out Surendra Goyal's bet in DTH & print media space

Surendra Goyal of Citi India says Dish TV as one of the top picks. We have a sell on Zee Entertainment Enterprises.

Murthy's return positive; HCL Tech top bet from IT: Citi

Citi's Surendra Goyal expects earnings growth to pick up going ahead. He feels Murthy's return to Infosys will be postive as the company is trying to acknowledge its problems.

Check out Citi's top 5 picks for IT sector

Of late the big guns of Indian IT including Infosys have not really managed to impress the market. Keeping a close track of the IT space, Surendra Goyal, Director & Head of Research, Citi India in an interview with CNBC-TV18 said that though, they had downgraded Infosys three years back, it is actually a good company.