Nifty at 11,380 by December, but BJP’s loss in 2019 elections will hurt valuations, says Nomura
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
The Indian stock market is expected to remain volatile in the run-up to the general elections due next year and this political uncertainty will limit valuations in the near term as well, says a Nomura report. The Japanese financial services major, has a Nifty target of 11,380 for December this year. “Our Nifty target of 11,380 is based on a forward multiple of 16x December 2018F earnings,” the report said, adding that sector-wise, it is overweight on financials (particularly retail private banks and insurance), autos, oil and gas, infrastructure /construction and healthcare.
The wide-based Nifty is currently hovering around 10,700 points. As per the Nomura report, several political developments have raised investor concerns on the incumbent government coming back to power in 2019. These include opposition parties attempting to align together to form a third front against the Bharatiya Janata Party, and the BJP’s own allies threatening to leave the BJP-led National Democratic Alliance (NDA).
“The Lok Sabha elections due in 2019 are likely to influence market sentiment through mid-2019. A loss for the BJP and the formation of an unstable coalition would hurt valuations, in our view,” Nomura said in a research note. The global brokerage remain positive on earnings growth largely owing to low base of 2017-18. “We project Nifty earnings CAGR of 24 per cent over FY18-20. However, adverse macro conditions along with political uncertainty will limit valuation upside in the near term,” it said.
The report further noted that the thrust on rural and agricultural economy is a certainty in the election year and stocks with focus on rural economy and infrastructure development will benefit from this. “There are signs of a pickup in the rural economy which are reflected in improving volume growth in rural India reported by FMCG companies, improving sales of tractors and automobiles and expanding agri/tractor financing loan book of NBFCs,” it said.
To know more about us or our services, kindly visit www.buildcaps.com
Best Investment adviser in India & Genuine Stock advisory company
#1 stock adviser in India Accurate stock tips provider Best Equity Portfolio Management Best Intraday calls provider Best SEBI registered advisory company Best SEBI registered stock advisory company Genuine stock market tips provider India’s top rated advisory company Intraday Sureshot tips provider Share market trading tips online Stock market news Stock Market tips Stock market trading tips provider Strategy for Wealth Management and Financial planning Top rated SEBI registered stock advisory firms
Archives
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
Categories
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Calender
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | 2 | 3 | ||||
4 | 5 | 6 | 7 | 8 | 9 | 10 |
11 | 12 | 13 | 14 | 15 | 16 | 17 |
18 | 19 | 20 | 21 | 22 | 23 | 24 |
25 | 26 | 27 | 28 | 29 | 30 |