"Our estimates are higher than consensus by 3.9 percent for FY21 but lower by 2.3/4.4 percent for FY22/23. The Nifty is currently trading at 20.9x 1-year forward EPS, which shows 7 percent premium to the 10-year average of 19.5. We value Nifty September 2022 EPS of Rs 732 at a 10-year average of 19.5 and arrive at a 12-month target of 14,102," the brokerage said. … [Read more...] about Prabhudas Lilladher raises 1-year Nifty target to 14,102; bets on these 14 stocks
Media reports said that at least three crucial policy initiatives in India are likely to put on hold in these times of economic uncertainty. S&P has also lowered India’s growth forecast to 5.2 percent. India has, so far, reported 147 coronavirus infections and three deaths. … [Read more...] about Taking Stock: Another 3-year low for Sensex, Nifty; what should investors do?