Analysts predict significant returns for NTPC, Ather Energy, and Varun Beverages. CLSA projects a 35.4% upside for NTPC, citing continued re-rating. NUVAMA initiates coverage on Ather Energy with a buy rating, anticipating strong growth in the EV sector. HSBC reiterates a buy rating for Varun Beverages, forecasting a 22.6% upside due to attractive valuations and growth potential.
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in