The domestic brokerage values the Nifty at its 15-year average P/E ratio of 19.1x, using a September 2026 EPS estimate of 1,434, to derive a 12-month target of 27,381 (revised from 27,867). In a bullish scenario, the Nifty is valued at a P/E of 20.1x, resulting in a revised bull case target of 28,750, down from the earlier 29,260.
Ather Energy IPO crosses the line in final hours of Day 3; retail portion booked 1.55 times
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors
April 30, 2025