Mar­ket Can Rise Up to 5%; Stock Ideas to Look At

The Economic Times - - Companies -


ETMar­ 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, ETMar­ 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.

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