Mon, Jan 13, 2025 11:22 AM
IndusInd Bank share price rallies over 3% amid stock market crash
A Flip by Shubhangi Gupta
Macquarie initiated coverage on IRCTC with an "Outperform" rating and a target price of ₹900, indicating a potential upside of 15.5 per cent from its previous close of ₹779.55. The bullish view comes despite IRCTC delivering negative returns for nine consecutive months, reflecting the brokerage's confidence in the company's long-term growth potential.
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Domestic brokerage PL Capital lowered its EPS estimates for Nifty 50 going ahead, while cutting its 12-month targets on the index.PL Capital cut its 12-month target on the benchmark index Nifty 50 to 27,172, which still indicates an upside of 16% from current levels. In the bull case scenario, the brokerage sees Nifty 50 at a 20.1x to arrive at bull case target of 29,263, indicating a 25% upside.
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ICICI Prudential Mutual Fund's Executive Director and Chief Investment Officer, S Naren, described 2024 as one of the best years for capital markets, with historic highs in capital fundraising and low fiscal deficits. However, he remains cautiously optimistic for 2025, suggesting hybrid and flexible investment strategies to mitigate risks.
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