About 14 stocks from the Nifty, including ONGC, UPL, HDFC Life, SBI Life, Axis Bank, and Hindalco, could gain over 15% in a year, according to Motilal Oswal Financial, based on Bloomberg consensus estimates.
ReutersPrivate banks, oil and gas, and NBFCs will contribute more than half of Nifty’s target upside.
The Nifty has gained 8.9% over the past one month and there is potential for a further upside of 13% based on Bloomberg consensus target prices, said Motilal Oswal Financial Services. Private banks, oil and gas, and NBFCs will contribute more than half of Nifty’s target upside.
About 14 stocks from the Nifty, including ONGC, UPL, HDFC Life, SBI Life, Axis Bank, and Hindalco, could gain over 15% in a year, according to Motilal Oswal Financial, based on Bloomberg consensus estimates.
Analyst sentiment, measured by the proportion of Buy, Hold, and Sell ratings, has improved slightly in the past one year, with the percentage of Buy ratings increasing to 75% from 74% a year ago. Further, the percentage of Holds has remained stable. At the same time, Sell ratings have declined to 9% from 10% a year ago.
Reuters
ET Bureau
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