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Market experts on what to expect from various sectors in 2014 _ Business Today

Market experts on what to expect from various sectors in 2014 _ Business Today

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1/2/14 Market experts on what to expect from various sectors in 2014 : Business Today businesstoday.intoday.in/storyprint/201839 1/18 Print Close Market experts on what to expect from various sectors in 2014 Rahul Oberoi January 2, 2014 Experts tell Money Today about their expectations from the various sectors. INFORMATION TECHNOLOGY "We are seeing clients enter IT budgeting sessions on a positive note" Dilip Bhat, Joint MD, Prabhudas Lilladher The performance of IT services companies is likely to improve in 2014-15 , with nearly all Tier-1 players delivering around 15% growth. We expect growth to be broad-based, with contribution from all geographies, verticals and service lines. The quarter went by saw a rise in sales, aided by a weak rupee. After nearly two years, we are seeing clients enter IT budgeting sessions on a positive note. Infosys
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1/2/14 Market experts on what to expect from various sectors in 2014 : Business Today businesstoday.intoday.in/storyprint/201839 2/18 Target price: Rs 3,900 Infosys had its best quarter since October-December 2011, aided by project ramp-ups and more deal closures. The management is noncommittal on margin expansion. However, we believe that the margins have bottomed out and will rise in the October-March period. We expect the company to return to mid-teen revenue growth in FY15. Wipro Target price: Rs 600 The company has bagged many multi-million dollar deals over the last two-three quarters. We expect growth to pick up over the next two-four quarters. We see Wipro winning more deals while improving its margins. The stock is at an early stage of a re-rating cycle. NIIT Technologies Target price: Rs 380 NIIT's deal pipeline is improving. The order intake, too, is likely to pick up, after an aberration last quarter. Margins are expected to stabilise. The company is trading at 6.6 times 2013-14 earnings. We expect 16% annual earnings per share growth between 2012-13 and 2014-15. AUTOMOBILE "A fall in interest rates is expected to create a conducive environment" Gaurav Dua, Headof Research, ShareKhan After the slowdown of the last two years, the automobile sector is poised for a comeback. Faster economic growth is likely to drive volumes. A fall in interest rates and stable fuel prices are expected to create an environment conducive for growth. Many foreign companies have been increasing their presence in India. Competition has increased across the spectrum. To counter this, the companies are focusing on exports, which augurs well for their profitability.
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1/2/14 Market experts on what to expect from various sectors in 2014 : Business Today businesstoday.intoday.in/storyprint/201839 3/18 Bajaj Auto Target price: Rs 2,342 Bajaj is working on six new launches to boost market share in the executive motorcycle segment. A recovery in the premium motorcycle market, where Bajaj is the leader, will boost volumes. The company also plans to tap new markets for exports.
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