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‘See Sensex at 30K by Dec ’15; like Coal India, Hindalco’

Sriram prefers non-ferrous metals over steel, and private sector banks over public sector ones

The Sensex may hit 30,000 by end of 2015 as the macro-economic environment is improving, feels Jitendra Sriram, MD and Head of Research, HSBC India. He is overweight on India among Asian markets and sees inflation slipping below 6 percent by December next year.

In an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Sriram said the urgency shown by the government on the allocation of coal blocks was a big positive.

Stocks that his fund is bullish on include Coal India ,  Hindalco and Hindustan Zinc . Sriram prefers non-ferrous metals over steel, and private sector banks over public sector ones.  TCS is his top pick in the IT space, and his mid cap picks include Fortis Health , UPL , Jubilant FoodWork ,  Voltas , JSW Energy .

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