Goldman Sachs sees 22% downside in defence PSU stock
In short
Goldman Sachs has raised its FY27 EPS estimate by 4% and its FY28 EPS estimate by 6% for a defence PSU stock. It cited a higher NGC order value of ₹32,000 crore, compared with its earlier estimate of ₹29,000 crore.
The broker still sees 22% downside in the stock, so investors are getting a mixed signal.
What the reporting says
Goldman Sachs raised FY27 EPS estimates by 4% and FY28 estimates by 6% for a defence PSU stock after higher NGC order value of ₹32,000 crore versus its earlier estimate of ₹29,000 crore. CNBC TV18 said the broker still flagged 22% downside on the counter. The call reflects mixed signals on the stock: stronger earnings estimates alongside a bearish price view.
Why it matters
Goldman Sachs has lifted earnings estimates for a defence PSU stock for FY27 and FY28 after factoring in a higher NGC order value of ₹32,000 crore versus ₹29,000 crore. Even so, CNBC TV18 said the broker sees 22% downside in the stock. The update matters to investors in the defence PSU, as it combines improved earnings assumptions with a bearish price view.