Risk-reward evenly balanced for India's Nifty 50 - brokerage

Avenue Supermarts

11/10/2023 10:37

** Risk-reward evenly balanced for India's bluechip NIFTY 50
index  .NSEI  for Sept-qtr - Prabhudas Lilladher 
    ** Brokerage estimates 10.6% Y/Y sales growth for companies
in its coverage universe, with 33.5% EBITDA growth 
    ** Coverage stocks include Reliance Industries  RELI.NS ,
Maruti Suzuki India  MRTI.NS , State Bank of India  SBI.NS ,
HDFC Bank  HDBK.NS , ICICI Bank  ICBK.NS , among others
    ** Flags El Nino impact and 2024 elections as key risks for
the markets; Adds, stable govt post elections and continuation
of economic policies can take markets to new heights    
    ** Oil and gas and metals will show sharp improvement in
profitability due to low base -Prabhudas Lilladher 
    ** Brokerage remains positive on auto, banks, capital goods,
hospitals and discretionary consumption 
    


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))