BUZZ-Goldman Sachs keeps 'marketweight' on India, picks 10 stocks that will soar

Reuters
03-26
BUZZ-Goldman Sachs keeps 'marketweight' on India, picks 10 stocks that will soar

** Goldman Sachs maintains a "marketweight" stance on India, suggesting the worst may be over for economic growth and earnings

** Identifies 10 stocks with an average 23% upside, including HDFC Bank HDBK.NS, AU Small Finance Bank AUFI.NS, M&M MAHM.NS, IndiGo INGL.NS, Power Grid PGRD.NS, Apollo Hospitals APLH.NS, Adani Ports APSE.NS, Titan TITN.NS, and Godrej Consumer GOCP.NS

** MakeMyTrip MMYT.O, which trades on the Wall Street, is also one of its picks

** Brokerage attributes positive catalysts and healthy earnings momentum for picking the ten stocks

** Goldman expects near-term volatility due to high domestic positioning in smallcaps and midcaps and U.S. tariff uncertainty

** India's benchmark Nifty 50 .NSEI has erased year-to-date losses, and is now 10% below its September 2024 record high

** However, smallcaps .NIFSMCP100 are down 18.3% from December peak and midcaps .NIFMDCP100 are down 15% from September highs

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

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