Ambuja Cement, GSPL in hot stocks list even as Citi slashes Sensex target to 35,700
Citigroup has slashed the Sensex target to Rs 35,700 by December 2018 citing India Inc earnings problems going ahead. It has also replaced some stocks in its list that are expected to do well. Check out the top picks here.
Ambuja Cement, GSPL in hot stocks list even as Citi slashes Sensex target to 35,700
Replaces ACC with Ambuja Cement in the large-caps. Ambuja Cements is down over 2 per cent in the last one year, quoting at Rs 236.85 by Monday's close.
Ambuja Cement, GSPL in hot stocks list even as Citi slashes Sensex target to 35,700
Replaces Gujarat Gas with GSPL following the former becoming a 54 per cent subsidiary of the latter, now making GSPL an integrated midstream & downstream company offering exposure to both these parts of the gas value chain at reasonable valuations, relatively lower risks, and under a robust capital structure. GSPL, at Rs 191, has rallied over 11 per cent in the last one year.
Ambuja Cement, GSPL in hot stocks list even as Citi slashes Sensex target to 35,700
Replaces IGL with Petronet LNG post IGL’s significant outperformance and lower valuations. Citigroup expects good growth in Petronet LNG in FY20E, which should start getting priced in some point over the next few months. Petronet LNG gained 17 per cent in the last one year. The stock settled at Rs 239 on Monday.