View on Nifty Hits 16000 by Mr. Amar Ambani, Yes Securities
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Below are View on Nifty Hits 16000 by Mr. Amar Ambani, Senior President & Research Head, YYES SECURITIES
“We reiterate our Nifty target of 18,000 by December 2021. Corporate balance sheets have been significantly strengthened with record equity raise in FY21. On the revenue front, the listed universe is on firm ground with accelerated trend of unorganized to organized, digital super-cycle and sustained cost management. We expect the government to continue spending on infrastructure and fast track the reform agenda as we have seen with lowered corporate tax rates, PLi schemes, RBI support, strategic divestments and so on. With accommodative financial conditions worldwide, we see the mega rally in risk assets to continue.”
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