Stay updated with breaking news from Nifty valuation. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
“This market is a stock pickers paradise, and sector rotations are very active. IT index has joined the bandwagon and is within striking distance of its all-time highs.” ....
Singh finds the power and pharma sectors most promising at the moment, but consumption, not so much. He believes some new-age companies are also coming of age. ....
Brokerage house InCred Equities sees FY24 Nifty target at 21,103 and maintains an ‘overweight’ stance. Meanwhile, it recommends booking profits after a 20.8 percent return from the Nifty Infrastructure index in the last six months. ....
The Nifty 50 index is now trading at 20.3x FY24 and ~17.6x FY25 consensus EPS. Valuations look fair now on an FY25 basis and risk-reward is balanced, said HDFC. Its preferred sectors are large-cap banks, industrial and real estate, power, autos, pharma, OMCs, gas, and capital markets. ....
Indian market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, Prabhudas Lilladher stated. It lists its top large, mid and smallcap picks for model portfolio. ....