Stable market: A statue of a bull is displayed at the Bombay Stock Exchange building in Mumbai. Market volatility has fallen from a record high over the past few trading sessions although volumes are thinning. — Bloomberg
MUMBAI: As analysts struggle to assess India Inc’s corporate earnings and debt-servicing capabilities amid the nationwide lockdown due to the coronavirus pandemic, they have begun relying on alternative indicators to inform their investment recommendations.
Equity analysts speaking in interviews with Bloomberg highlighted measures ranging from volatility and cash levels to daily infection numbers and techical charts. So far, the drop in analyst price targets for the NSE Nifty 50 Index has trailed the actual slump in the stock gauge.
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