Goldman Sachs Sets Nifty Target
Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks
Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities
 "Goldman Sachs sees Nifty at 27K in 2025, bets on housing, defence stocks")
Market outlook: Goldman Sachs sets Nifty target of 11,600 for Dec 2018
Goldman Sachs expects the healthy run in the global equity market, including India, seen this year to continue going in 2018 as well. The US-based brokerage expects the benchmark Nifty to climb to 11,600 by the end of next calendar year, implying a 12 per cent upside from current levels. The forecast is impressive considering the 50-share index has already rallied 28 per cent in the past one year.Goldman Sachs estimates earnings growth of 18 per cent and 17 per cent in calendar 2018 and 2019 respectively. "We expect solid earnings growth delivery in the next year and the following year. We see that as a credible backdrop for India to continue to perform," said Timothy Moe, chief Asia Pacific equity strategist for Goldman Sachs.India is among the three overweight markets (South Korean and China being the other two) for Goldman Sachs in the Asia Pacific ex-Japan region. "The underlying theme behind our overweight stance in these three markets is that we have strongest confidence in ...
 "Market outlook: Goldman Sachs sets Nifty target of 11,600 for Dec 2018")
