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Monday, May 20th 01:27 PM IST

Why Stan Chart sees upside in ACC Cement, Idea

Jun 27, 2012

Standard Chartered sees upside in some Indian stocks in which it says that bad news has had a “disproportionate impact”.

Standard Chartered identifies potential gainers as: ACC and Ambuja Cements, mobile operators Bharti Airtel and Idea Cellular, gas utilities Petronet LNG and GAIL, road builder IRB Infrastructure and tyre maker Apollo Tyres .

StanChart identifies potential gainers as: ACC and Ambuja Cements, mobile operators Bharti Airtel. Reuters

By contrast, drug makers Sun Pharmaceutical Industries and Cipla have not priced in enough of the potential impact from the government’s move to more closely regulate drug pricing.

“The current despair” over governmental and institutional decision making has led to “irrational fears” and/or “stocks being pummelled multiple times for the same news,” Standard Chartered.

Reuters

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