Indian subsidiaries of multinational corporations frequently command significantly higher valuations than their parent companies, driven by investor confidence in India’s rapid economic growth. LG Electronics India’s IPO exemplifies this trend, with its valuation far exceeding its Korean parent despite smaller revenues. This pattern is observed across numerous sectors.
Nifty can cross 32K in 2026 bull case scenario: Kotak Securities
In a recent note, domestic brokerage firm Kotak Securities has projected a bull case target of 32,032 for the Nifty 50 index by December 2026,