Epic Update: See 20-40% returns from Indian equities in 6 mo

[epicresearch]

Garner expects 20-40% returns from the Indian equity market in the next six months.

Q: Are you expecting emerging markets to do well in the second half of the year, and in that context, India could outperform you feel in the second half of this year?

A: We have not put it on an overweight, we have put it on an equal weight. But we expect between 20% and 40% returns on these valuation levels six months out. My colleague Ridham Desai has a Sensex target of 20,000 so I think that is certainly very achievable, it is not fairly higher.