Now Reading: Bernstein Sets Fresh Targets For Adani Ports, Eternal And Paytm
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Bernstein Sets Fresh Targets For Adani Ports, Eternal And Paytm
Bernstein Sets Fresh Targets For Adani Ports, Eternal And Paytm
Global brokerage Bernstein has set fresh price targets of Rs 1,973 for Adani Ports, Rs 350 for Eternal and Rs 2,200 for Paytm.
The brokerage is refreshing its 13-stock India model portfolio. The changes include adding Adani Ports, Eternal and Paytm, while removing Avenue Supermarts, which operates Dmart. The source does not provide the revised portfolio weights or explain the reason for the changes.
The new targets are Bernstein’s estimates for the three companies and do not guarantee their market prices or returns. Investors will watch how the stocks trade against these targets after the portfolio revision.
Indian Opinion Analysis
Brokerage price targets are research estimates based on assumptions about earnings, valuation and business conditions. Their usefulness depends on the current share price, which is not provided here, and on the period Bernstein has used for its targets. A model portfolio also reflects the broker’s preferred allocation rather than an index change or company action. The next useful signal is Bernstein’s full note, including target periods, expected upside and portfolio weights. Investors should also compare those assumptions with each company’s latest earnings and management guidance before treating the targets as actionable.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
