Relevant for Exams
BANKING
Jefferies' top 10 stock picks: Axis Bank, M&M featured, based on Dec-27 earnings.
Summary
Investment bank Jefferies identified 10 top stock picks, including Axis Bank and M&M, valuing them based on a 20x PE multiple for estimated December 2027 earnings. This analysis, focusing on specific company valuations and investment bank recommendations, holds minimal relevance for competitive exams, which typically cover broader economic policies, market regulations, and macro-financial trends.
Key Points
- 1Investment bank Jefferies identified 10 specific stocks as its top bets.
- 2Axis Bank and Mahindra & Mahindra (M&M) were explicitly mentioned among these top picks.
- 3The valuation target is based on a 20x Price-to-Earnings (PE) multiple.
- 4This PE multiple is applied to estimated earnings for December 2027.
- 5The valuation methodology implies a modest 5% de-rating from current market levels.
Full Article
The target is based on a 20x PE multiple on estimated Dec-27 earnings, which implies a modest 5% de-rating from current levels.
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