Nomura expects these five stocks to give up to 42% upside in 2020

SUMMARY

Nomura expects Nifty to hit 13,070 by December 2020 as gradual rate transmission and the ongoing policy push for investment-led growth will support sentiment. “The Nifty is trading at 18.1x one-year forward earnings. Market valuations have been supported by lower yields and strong fund flows. We expect global liquidity conditions to remain supportive of the market. Given the higher vulnerability that slower economic growth presents, we avoid raising market multiples at this stage,” the brokerage said. Nomura has listed five stock ideas for 2020, which could rise up to 42 percent. (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.)