13/1/2025, 2:20:05 pm

PL Capital sees 16% upside for Nifty 50 in 12 months

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.