OW India

Goldman Sachs Pegs 12-Month NIFTY Target At 9000

Even though MSCI India's 2016 consensus earnings got trimmed by another 1% last week, analysts at Goldman Sachs remained OW on India, pegging their NIFTY 12-month target at 9000. Sunil Koul and team note in their Feb. 5 “India Weekly Kickstart” report that past history points to NIFTY trending to trade soft heading into the Union budget announcement.
India’s 3Q earnings: more misses than beats
Tracking 3Q FY16 earnings, Koul and colleagues point out that about 70% of the Sign up here

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