Saurabh Mukherjea, Founder of Marcellus Investment Managers recommends buying shares of companies that have been consistently compounding earnings year after year, but whose share prices have remained stagnant or fallen. He gives the example of HDFC Bank which has doubled in size over the last three years, compounding at a rate of 22-23%, while its share price has only risen by 3-4% per annum.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings