Citigroup has issued its latest report and has adjusted its December-end target for the Sensex to 32,200 from 33,000 earlier. They have also introduced a Jun16 target of 35,000. The equivalent Nifty targets are 9,760 for Dec-15 and 10,600 for Jun-16.
he bank has marginally tweaked their model portfolio to factor in changes – raise the banks overweight (OW) further, maintain – auto, cement and pharma as OWs, and additional upgrade telecom / internet from Neutral to OW.
Top large-cap picks include names like Adani Ports, Aurobindo Pharma, Axis Bank, Bharti Infratel, Coal India, Dr Reddy’s Laboratories, HCL Technologies, HDFC Bank, M&M and State Bank of India.
Top midcap picks include names like Apollo Hospitals, Bharat Forge, Container Corp, Emami, Exide, Info Edge, JSW Energy, Petronet LNG, Titan Company, and Yes Bank.
Large Cap Picks
Mid Cap Picks