Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589
60-Word AI Digest
PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
Key Takeaways
- PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery.
- The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
- Full details and original dispatch available below.
PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
Original Publisher Attribution
This summary was curated from Economic Times.