Domestic brokerage Prabhudas Lilladher has lowered its year-end projection for the Nifty 50 index from 27,867 to 27,381. The brokerage has reduced its Nifty EPS estimates by 0.5%, 2%, and 1.5% for FY25, FY26, and FY27, respectively, citing persistent headwinds in the market. Despite the Indian markets being on course, the brokerage believes that headwinds have yet to peak. Prabhudas Lilladher recommends a selective ‘buy on dips’ approach for long-term gains and has made changes to its model portfolio and high conviction stock picks.
Click Read More to know all about below:
- What is the new year-end target for the Nifty 50 index set by Prabhudas Lilladher?
- By how much has the brokerage cut its Nifty EPS estimates for FY25, FY26, and FY27?
- What approach does Prabhudas Lilladher recommend for investors in the current market conditions?
- What changes has the brokerage made to its model portfolio and high conviction stock picks?
