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DAILY VOICE | Seen more beats than misses in Q3 earnings, laggards of last decade to be re-rated: Neeraj Chadawar of Axis Securities
The major change in market structure will mean re-rating of sectors which have lagged for a long period.
Sunil Shankar Matkar
February 15, 2021 / 08:31 AM IST
Neeraj Chadawar of Axis Securities valued the Nifty at 22x at FY23 earnings translating to December 2021 target for Nifty at 16,000, after December quarter earnings season.
Overall, earnings visibility has improved across the board; Nifty FY21 and FY22 EPS have been upgraded by 6 percent till now during the quarter with likelihood of further upgrades on the card, he said in an interview to Moneycontrol s Sunil Shankar Matkar. ....

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