Wednesday 29 August 2018

Alliance Research Daily Report 30.08.2018

Runaway rally! These 14 stocks rose over 50% as Nifty rocketed from 10,700 to 11,700
From the mid-cap space, only four stocks managed to climb above 50 percent each in the same period

After a near 30 percent rally, most experts were of the view that investors should bring down their expectations of double-digit returns from markets in 2018. But, to everyone's surprise, the index is up over 11 percent and is on track to hit 12,000…soon.




The index recorded 10,700 for the first time on January 15 earlier this year. But, the rally got halted at 10,171 after Budget, picking up momentum post July which caught everyone by surprise.
The rally was swift and most retail investors might have missed the bus, but all is not lost.
The good news is that the bull run remains intact, said Atul Suri, CEO & Chief Investment Officer, Marathon Trends PMS in an exclusive interview with CNBC-TV18 earlier this week.
Rolling forward to Jun’19, the brokerage firm’s Nifty 50 target stands at 11,900 based on Jun’20 EPS of 684 and + 0.5 s.d. of 17.4x.
For More Visit
http://www.allianceresearch.in/