The ET has reported that Goldman Sachs has issued a report in which it has predicted that the Nifty will be at 9,000 in 12 months. Goldman has also identified 8 “conviction” stocks with potential of huge gains
Goldman Sachs has said: “We roll our 12-month target for Nifty to September 2015 (from June 2015) with our updated target of 9,000 from 8,600 earlier.”
Goldman Sachs has identified eight “conviction” stocks being DLF, Grasim Industries, L&T, IndusInd Bank, ITC, Petronet LNG, Voltas and Tech Mahindra. The target prices mentioned are for a period of 12 months (see chart).
Goldman Sachs has the most aggressive target of Rs 292 on DLF, which translates into an upside of 74.5 per cent from current levels, says ET.
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