October 3, 2017

Our base case target for Nifty is 9,000 by Dec-end: UBS

Our base case target for Nifty is 9,000 by the end of December 2017.The upside scenario is 10,000, which is where the index has been for a while. We are not changing it. The upside scenario is based on very optimistic assumptions that we will see a strong growth recovery immediately in FY18, multiples will sustain and even re-rate further. Our base case is also not very pessimistic. The base case also assumes some mild earnings recovery. However, that is also looking tougher given how the first  ..

Read more at: http://economictimes.indiatimes.com/articleshow/60918785.cms

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