HSBC Downgrades India's Rating to Neutral; Sets Sensex Target of Rs 85,990 for 2025 - PRESS AI WORLD
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HSBC Downgrades India's Rating to Neutral; Sets Sensex Target of Rs 85,990 for 2025

share-iconThursday, January 09 comment-icon1 week ago 5 views
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indiatimesINDIATIMES
HSBC Downgrades India's Rating to Neutral; Sets Sensex Target of Rs 85,990 for 2025

Credited from: INDIATIMES

  • HSBC has downgraded its stance on India to 'Neutral' from 'overweight', citing concerns over corporate profits and market valuations.
  • The firm has set a BSE Sensex target of Rs 85,990 for 2025.
  • HSBC has substantially reduced its FY25 earnings growth projection for the Nifty 50 to 5%, down from 15%.
  • The current valuation metrics are viewed as high at 23 times forward earnings, indicating potential market overvaluation.
  • Recent market volatility, compounded by selling in the financial and consumer sectors, could impact investment inflows and market performance.

For the full article, visit Times of India.

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