Forecasting Folly:CLSA Edition

Circa one year back on September 4,2014

Economic Times carries an article headlined “CLSA picks top four midcap stocks which can give up to 21% return in 1 year”

It helpfully puts out the following table for the benefit of its readers:

Now first forward to today i.e. September 3,2015.Interesting to see current prices now with respect to the targets given:

Company Name Target (Rs) CMP (Rs)
Tata Communications 450 383.4
Voltas 292 258.65
Phoenix Mills 390 327.8
Motherson Sumi 410 295.1
As on September 2,2015


Forecasting Folly, anyone?