New Delhi: In the midst of stock market volatility and expensive assessment, there are still ‘sweet spots’ for investors to find interesting opportunities between major stocks, according to the ICICI Securities brokerage company.
“The main sector where the expectations of Bellwether’s share income growth over FY22E-FY24E will exceed or offset Nominal GDP growth of around 13% while producing around 5% or more of our attractive criteria.
The current environment of the income increase cycle provides additional comfort in estimation sustainability Consensus revenue growth over FY22-24, “said Vinod Karki research analyst.
The following shares meet the ICICI Securities criteria are at the sweet spots of expectations of strong income growth and high income results: Morgan Stanley expects Sensex to increase by 21% in one year, a month after that reducing the Indian market, Morgan Stanley now expects prospects for domestic stock for Enhanced even as volatility continues.
India seems to be in a state of structural uptrend with a new profit cycle, supporting policy, the possibility of increasing fixed income flow, new issuance and decreased correlation with the world, said in a report.
Morgan Stanley, however, maintained India’s rankings on ‘weight’, after lowering the domestic market from ‘overweight’ on October 27, quoting high ratings and Fed Taper Fears.
“We expect income to combine 27% every year for the next few years and Sensex to rise 21% in our basic case to 70,000 (December 2022), indicating that the refund of the index tends to follow income growth in 2022.” A stronger income in the second half of this year, fiscal 2023 and 2024 will be proven to be a catalyst in achieving the target, he added.
Indian inclusion in the bond index, BJP’s victory in the upcoming election and rising capex also tends to spur growth, he said.