Stocks

Julius Baer sets Sensex target at 58,540

Our Bureau Chennai | Updated on March 04, 2021

Global investment advisory firm Julius Baer has upgraded Indian stocks to overweight and set a target of 58,450 for BSE Sensex. An economic recovery is underway, and we look for 9 per cent y-o-y GDP growth this year, followed by 7 per cent next year. We look for earnings per share to grow on average over 25 per cent over the next 3 years. It would be unprecedented for the stock market to fall in an environment of such strong growth. We change our stance on India from market-weight to overweight and see 15 per cent upside from current levels with a Sensex price target of 58,450.

Published on March 04, 2021

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