22 Sep 2018 | 9:34 AM
Research Report

Equity Research Report: Equity Yearly Outlook 2016

India is among the fastest growing economies in the world at present. And, the GDP is expected to grow at 7-7.5%* in 2016. If monsoon remains good, rural and urban demand will improve significantly in the coming year. This in turn will revamp consumption and increase utilization levels of the Indian industries from current 70%. In short, corporates will report better results on back of demand revival and higher sales. Besides, pay commission report hike will give an additional hand to spend more on consumption.
06 Jan 2016 | 04:16 PM

Currently, Nifty is trading at trailing PE multiple of 21 times which is expensive looking at earnings de-growth in 2015. We expect earnings to improve and grow at 12-15% due to favorable outlook and low base effect. In that case, Nifty may retest 9000 levels and even inch higher in 2016. Also, Smallcap and Midcaps will continue to trade at higher multiples so we suggest to maintain some caution in that space and advise to uphold stock specific view.