BofA bullish on India, targets Nifty at 26,200
after close1 source ↓machine-written, see hownot a recommendation
- amid improving valuations
- 10-15% earnings growth
BofA Securities has shifted to a bullish stance on Indian equities after nearly two years, projecting the Nifty to reach 26,200 by year-end. This forecast reflects expectations of 10-15% earnings growth amid improving valuations and a resilient economy. Despite global uncertainties, the brokerage sees upside risk to its estimates following the September quarter.
Not investment advice. For informational purposes only.