Midcaps benefit from multiple degrees of freedom as the cycle turns and all of the above brighten, feeding a virtuous feedback loop. So operating and financial leverage further drive sales & margin growth. Obviously rerating precedes earnings growth as investors anticipate some of this potent multi-delta. Which can be very treacherous! Hence we have been careful to choose our best midcap picks in two baskets
READ MORE »Posts tagged Axis Capital
Model Portfolio Of Top Stocks By Axis Capital
The enclosed report provides for each stock, the key operating assumptions, and the rationale for revised FY 16 earnings & multiples. Sensex EPS for FY15 & FY16 thus stands at Rs 1,592 and 1,814 respectively, ie growth of 15% and 14% respectively (Sensex and GDP have different compositions). We also revise our model portfolio where among Nifty Cos, we are Sharp OW in Engineering & Infra, Realty. And Sharp UW: Consumption, Resources, Power, Telecom
READ MORE »