CNBC-TV18 Poll
2008-01-01 09:32:39 Source : CNBC-TV18
CNBC-TV18 has conducted a brokerage poll on markets. They asked major brokerage firms about stocks and markets for 2008.
According the poll, 76.4% of leading brokerage firms viewed that the markets are fairly valued while 11.8% each believes that it is overvalued and undervalued, respectively.
Regarding the 2008-end Sensex target, not a single firm targeting the Sensex below 18000. 58.8% of total feels that the Sensex will see 22000-24000 in 2008. Sensex above 24000 believes by 17.6% brokerage firms. A 11.8% brokerage firms each said that it may see 18000-20000 and 20000-22000, respectively.
Nearly 41.2% constituents recommended that investors should keep 10%-25% cash in hand. 17.6% firms each suggested to keep more than 25% and less than 5% cash, respectively. To keep 5%-10% cash in hand advised by 23.5% of total brokerages.
Amongst index stocks, 41.2% brokerage firms each advised to buy ICICI Bank and Reliance Industries while remaining 29.4% recommended Reliance Energy.
They are bearish on NTPC, Reliance Energy and ACC. 17.6% brokerage firms each advised to sell Reliance Energy and ACC respectively whereas 29.4% recommended selling NTPC.
38.2% of total polled brokerage firms prefer midcap stocks followed by 35.3% believes in non-index large caps, 17.6% in index stocks and the rest 8.9% prefers smallcap stocks.
All polled brokerage firms bullish on banking sector. 66.7% each prefer infrastructure and capital goods sector. Nearly 53.3% firms bullish on media and 53% on telecom sector.
46.7% of brokerage firms favoured IT sector, 43.75% bullish on construction sector. 40% each prefer pharma and power sector. Only 33.3% each of them believes in Ferrous metals, Cement and oil & gas, respectively.
26.7% each has given preference to real estate and sugar while just 20% favoured non-ferrous metals sector.
1) Markets are:
· Overvalued 11.8%
· Undervalued 11.8%
· Fairly Valued 76.4%
2)What is your 2008-end Sensex target?
· Below 18K Nil
· 18-20K 11.8%
· 20-22K 11.8%
· 22-24K 58.8%
· Above 24K 17.6%
3)What portion of cash would you recommend?
· Above 25% - 17.6%
· 10-25% - 41.2%
· 5-10% - 23.5%
· Less than 5% - 17.6%
4) Which index stocks would you buy at current levels?
· ICICI Bank 41.2%
· RIL 41.2%
· Rel Energy 29.4%
5) 3 index stocks you would sell at current levels.
· NTPC 29.4%
· Rel Energy 17.6%
· ACC 17.6%
6) Which stocks will you prefer under current circumstances?
· Index stocks 17.6%
· Non-index Large Caps 35.3%
· Midcap stocks 38.2%
· Small cap stocks 8.9%
7) Bullish On
· Banking 100%
· Infrastructure 66.7%
· Capital Goods 66.7%
· Media 53.3%
· Telecom 53%
· IT 46.7%
· Construction 43.75%
· Pharma 40%
· Power 40%
· Ferrous Metals 33.3%
· Cement 33.3%
· Oil & Gas 33.3%
· Real Estate 26.7%
· Sugar 26.7%
· Non-ferrous metals 20%
Source: moneycontrol.com
