Goldman Sachs Pegs 12-Month NIFTY Target At 9000 – ValueWalk Premium
OW India
08Feb

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

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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