Kondawar said the Nifty has seen a “roller-coaster ride” over the past 14 months, but current valuations appear more reasonable. “The Nifty is trading at close to 24 times earnings, which is near its long-term average. Over the next two years, the market is factoring in 10–12% EPS growth, but we genuinely feel there could be upside surprises,” he said.According to Kondawar, several sectors that have been under pressure are poised for a rebound. “Banking is long due for a pickup. Export-oriented sectors tha ...

Core Viewpoint - Sempra's management is increasing focus on Texas, which is expected to drive earnings growth in the medium term according to Goldman Sachs [1] Group 1: Analyst Upgrades and Price Target - Analyst Carly Davenport upgraded Sempra's rating from Neutral to Buy and raised the price target from $88 to $106 [2] - The Texas utility, Oncor, is well-positioned to benefit from growth in data center load and higher business, infrastructure, and population growth in the state [2] Group 2: Regulatory Environment and Capital Investments - Oncor is expected to benefit from a "constructive" regulatory environment [3] - Management plans to increase capital investments in the Texas subsidiary by at least 30%, indicating potential upside [3] Group 3: Earnings Growth Projections - Expected EPS growth for Oncor has been raised to approximately 21% for the period 2025-2029, up from 15% previously, while the consolidated company's EPS growth is now projected to exceed 10%, compared to around 9.5% before [4] - Sempra's shares rose by 0.81% to $92.97 at the time of publication [4]