Monday, April 13, 2020

Lockdown fallout: ICICIdirect lowers Sensex target for FY22 to 33,500

Lockdown fallout: ICICIdirect lowers Sensex target for FY22 to 33,500 With almost nil manufacturing activity in this 21-day period and slow ramp-up thereafter ICICIdirect downgrades Nifty earnings estimates to the tune of 4% for FY20E, 18% for FY21E and 13% for FY22E.

from Moneycontrol Market Outlook https://ift.tt/3a8H1Lz
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