Home»Personal Finance»Citibank's Recommendations For Stocks In 2013

Citibank's recommendations for stocks in 2013

Dailybhaskar  
New Delhi: According to banking major Citi Group, the year 2013 might actually be a rather productive year for the Indian market in general. According to its estimates, by December of 2013, the Sensex will be crossing the 20,800 mark based on some key calculations, including 9.6/12% earnings growth for FY13/FY14 and a valuation multiple of 14.5 times, a slight discount to its 15-16 times longer-term average. Based on these very calculations the company has gone ahead and given some recommendations regarding which stocks could be trading the best during 2013-2014 financial year.
 
The 'overweight' stocks
 
Consumer sector, Capital Goods, Information Technology, and telecom sectors will see the most trading acitvity and will be the ones to watch out for.
 
The 'underweight' stocks
 
The underweight stocks or the dicy sectors would include consumer staples, utilities, energy, and materials sector. They wont be giving the most consistent returns but will definitely show some amount of promise if things hold good. 
 
The best stocks to watch for- Axis Bank, ICICI Bank, Infosys, Maruti Suzuki India,  and Bharti Airtel are the bigger stocks which will be high on cost but will give sizeable and corresponding returns. The mid-range of shares would include the likes of Apollo Hospitals, Idea Cellular, Sun TV, LIC Housing Finance, and Exide Industries.  
Your Opinion
 
To post this comment you must log in

Login/Connect with:
OR
Fill in your details
 
 

Will be displayed

 
 

Will be displayed

 
Code:
1 + 10

 
Advertisement

Top News

 
Advertisement
 
 
 
 
 

Photogallery