Comments
A recovery in India's investment cycle is 6-9 months away, Nomura says in a report dated Friday.
New project announcements feed into bank sanctions with a lag of about one year, according to analysts Prabhat Awasthi, Nipun Prem and Sanjay Kadam.
View is based on empirical evidence based on CMIE and RBI data, Nomura said.
Nomura has reiterated December 2015 target for BSE index at 33,500.
It said that it is overweight on financials, autos, industrials and technology and underweight on consumer staples, pharmaceuticals, metals and telecoms.
Top picks include Axis Bank, HCL Technologies and Maruti Suzuki India.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.