India also plans to double Coal India's production in five years
Nearly 100 Indian companies are expected to participate in the EITS ; Photo credit: Visual Photos
Mumbai: Funds with global mandate and domestic investors should continue to drive Indian stocks, says CLSA.
CLSA says funds with global mandate looking into the long-term structural nature of the India story and adds global funds flow to Indian shares at $16 billion YTD – lower than $18 billion average over the last three years. It expects annual net inflows of $15 billion from domestic investors over the next few years.
ICICI Bank, Axis Bank and State Bank of India remain top ideas among lenders.
CLSA adds Coal India in its model portfolio and adds weight to Mahindra and Mahindra and cites India's plans to double Coal India's production in five years.
It removes Hero MotoCorp and Sesa Sterlite from model portfolio.
( Source : reuters )
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