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Sellside Research

All Hail The Rally

* CIMB Raises Nifty target to 8,150
* BofA-ML raises Sensex target to 27,000
* BNP Paribas raises Sensex target to 28,000
* Citi raises Sensex Dec target to 26,300
* Macquarie raises Nifty target to 8,400
* Deutsche Bank raises Sensex target to 28,000
* CLSA raises India weightage by 2%
* Nomura raises Sensex target to 27,200
* UBS raises Nifty Dec target to 8,000
* ICICI Securities sets Nifty target of 8,100
* Religare raises Sensex target to 27,000
* Goldman Sachs Raises Nifty target to 8,300

(Hat Tip Haresh Nagpal)

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Tweets

When bubbles become knives

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Observations

Nestle India-Falling in a rising market

I find it interesting that in this bull market, one prominent stock making new lows is Nestle India.

Nestle India trades at high valuations-around 40 Times FY 2013 (Jan-Dec) EPS of 115 Rs.

Their profits for 31 March,2014 showed a drop of 7%.

The market didn’t like this one bit-a growth stock is supposed to keep growing.And hence the stock price is getting whacked.

Am reminded of Hindustan Lever-it sat out the entire bull run of 2004-2008 as it was expensively priced to begin with.

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Cartoon

How to make a Million $

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Video

Manmohan Singh as PM