PL Capital Sees No V-Shaped Recovery, Nifty Target 27,589
PL Capital remains cautious on the Nifty after an eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has lowered earnings estimates but finds valuation comfort in largecaps. It highlights risks from inflation, foreign institutional investor outflows, and demand concerns, projecting the Nifty's 12-month target at 27,589.
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