Market Can Rise Up to 5%; Stock Ideas to Look At
ETMarkets.com: The equity market has made a rather dull start to the new financial year as the benchmark indices tanked in response to the Reserve Bank of India’s credit policy on Tuesday.
Heading into the new financial year, expectations remain tepid. Andrew Holland, CEO at Ambit Investment Advisors, believes the market may at the most see an upside of 5%, if and only if earnings grow 5-12% in FY17. “If you get earnings growth in the range of 5-10%, then the market could rise, let us say, 5% from here. That is probably the best I can think of at thispoint,”hesaid.Thefundmanager, who oversees total assets of $100 million, sees recovery coming in the second half of the year.
A mi d t h i s u n c e r t a i n t y, ETMarkets.com has collated five stock ideas from various experts that investors can look at with an investment horizon of at least 12 months. ing they have along with the EBITDA margin position and return ratios makes it a perfect theme to play the rural demand revival story,” he added.