Axis Securities is predicting that the Nifty 50 index will reach 26,100 by December 2025, representing a potential return of over 40% from its current level. The firm expects double-digit returns for the Nifty for the next 2-3 years, with an upside potential of around 15-20% per annum. This growth is attributed to factors such as improved corporate earnings, economic growth, and a potential turn around in the earnings momentum. The brokerage firm also perceives that the Nifty 50 is currently trading at a reasonable premium to its historical average price-to-earnings ratio, indicating that it is not overvalued. Additionally, the firm is optimistic about the prospects of companies in sectors such as IT, pharmaceuticals, and consumer staples, which are expected to drive growth. Therefore, Axis Securities is advising investors to maintain a positive stance on the equity markets and to focus on these sectors.
Axis Securities predicts the Nifty will reach 26,100 by December 2025, with expected double-digit returns in 2-3 years.
by newsworm | Dec 3, 2024 | Axis bank, Banking | 0 comments