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See Nifty at 10000 plus in 12 months: CIMB

Devesh Kumar of CIMB Securities India Limited says near-term earnings will not give any positive surprise, but it should be looked at from a 1-2 years perspective.

With the India story changing, Devesh Kumar, managing director, country head, CIMB Securities India Limited sees Nifty in five digits – 10,000 plus – from a 12-months perspective.

He says near-term earnings will not give any positive surprise, but it should be looked at from a 1-2 years perspective. “India remains a long-term story for investors,” he told CNBC-TV18. He sees a multi-sectoral rally ahead.

Also Read: Neutral on India as good news discounted; like Voltas: HSBC

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