Nifty and Sensex closed Thursday near record highs, boosted by banks and Reliance, with analysts expecting the rally to continue on supportive domestic and global cues
Given that price erosion in the North American market is expected to continue in the near term, some brokerages have cut their earnings estimates for the stock
The Sensex rose 862 points, or 1.04 per cent, to end at 83,468, while the Nifty climbed 262 points, or 1.03 per cent, to close at 25,585 - both marking their best single-day gain since June
Realty major Prestige Estates' record H1 sales and strong Q2 demand boost investor confidence as brokerages expect it to exceed its FY26 sales guidance
Trent has seen a 36.5% drop in its share price in the last 12 months and offers an attractive combination of low valuation, earnings resilience in recent quarters, and a relatively high RoNW of 29%
Colgate's prospects remain supported by its core toothpaste brands and premiumisation strategy through science-backed innovations, with valuations appearing fair at 42x FY27 earnings