Brokerages are increasingly revising their one-year price targets for Indian stocks, even as this year’s rally has been driven by re-rating. In the past three months, all the Sensex companies, except ITC and Yes Bank, have seen an upward revision in price targets.
The broader market, too, has witnessed a similar trend, with 330 of the BSE 500 companies seeing their 12-month target price being moved upwards. The revision in targets is in anticipation of growth revival and the start of a new earnings cycle. The benchmark indices have rallied 28 per cent this ...
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First Published: Tue, December 19 2017. 23:20 IST
