We have a rigorous method of setting our price target. We look at normative PEs to set the price targets. But stocks do not trade at normative PEs. So we also set an upside and a downside target and the upside to downside ratio determines the weight of a stock in our portfolio. At the present juncture, we expect the benign interest rate regime to continue.
Liquidity is ample in the system and the credit given to oil companies coming back.
There is ample liquidity in the system. We also expect FII money to continue to flow in. And within emerging markets India is very strongly placed. A fortune in black gold. 2001 India Infoline Ltd. All rights reserved.