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** Goldman Sachs maintains "marketweight" stance on India, equivalent to "neutral", suggesting the worst may be over for economic growth and earnings
** Identifies 10 stocks with an average 23% upside, including HDFC Bank HDBK.NS, AU Small Finance Bank AUFI.NS, M&M MAHM.NS, IndiGo INGL.NS, Power Grid PGRD.NS, Apollo Hospitals APLH.NS, Adani Ports APSE.NS, Titan TITN.NS, and Godrej Consumer GOCP.NS
** MakeMyTrip MMYT.O, which trades on the Wall Street, is also on the list
** Brokerage attributes positive catalysts and healthy earnings momentum for its picks
** In the small-cap, mid-cap segments, Goldman expects near-term volatility due to high domestic positioning and U.S. tariff uncertainty
** India's benchmark Nifty 50 .NSEI has erased year-to-date losses, and is now 10% below its September 2024 record high
** However, smallcaps .NIFSMCP100 are down 18.3% from December peak and midcaps .NIFMDCP100 are down 15% from September highs
Goldman Sachs' top ideas in Indian markets https://reut.rs/4l4cEfc
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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