Goldman’s 12-month target of 27,000 on the Nifty implies an upside of 15.6% over Thursday’s closing price of 23,349.90. The index fell 168.60 points or 0.7%. Goldman said the risk of derating in Indian equities remains even after the recent drop as valuations are still high. The estimated price to earnings ratio for MSCI India is at 23 times, above its 10-year mean and above its ‘fair value’ estimate of 21 times.
All that glitters is not gold on the IPO street
Amid booming IPO market, caution is in the air for investors as majority of the companies that were listed in 2024 failed to retain their
December 26, 2024