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InCred slashes Nifty 50 target amid macro challenges, prefers large-cap stocks; Adani Ports, Bajaj Auto among top picks

Brokerage house InCred Equities has revised its target for the Nifty50 index, citing short-term macroeconomic challenges both locally and globally. The brokerage has reduced its FY26F bull-case probability to 5 per cent from 10 per cent and raised the bear-case probability to 45 per cent from 40 per cent. Factoring in Bloomberg consensus EPS cuts...
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