Goldman Sachs has upgraded its investment view on Indian equities to ‘overweight’ from ‘market-weight’ and set a one-year target for Nifty at 12,500 – a potential gain of over 8 per cent.
“We think risk-reward on India looks favourable again given the sharp underperformance in Jan/Feb, signs of improving earnings and a pick-up in foreign positioning from lows amid rising market expectations of a potentially stable government,” the global investment bank said. Goldman expects earnings to ..
