Analysts are expecting good growth for the Nifty 50 in 2024, with estimates approx 16% earnings growth. This is positive news for investors/traders in large-cap Indian stocks.
Nifty 50 Price Target in June 2024
Analysts predictions for the Nifty 50 Target Price in June 2024:
Nifty 50 Price Target June 2024: 23,400 (ICICI Direct). This brokerage firm expects the Nifty 50 to reach this level by June 2024, driven by sectors like banking, finance, auto, capital goods, and metals.
Nifty 50 target price in 2024
Analyst predictions for the Nifty 50 target price in 2024 vary from analyst to analyst, But there is a common bullish outlook. Nifty 50 price target range:
High Target: 25,810 by December 2024 (By: Prabhudas Lilladher)
Base Case Target: 20,000 (By: UBS)
Factors affecting the target price:
- PE Ratio: How much investors are willing to pay per rupee of a company’s earnings.
- Corporate Earnings: If companies within the Nifty 50 outperform, the target price could rise.
- Global Market Conditions: A strong global economy can boost the Indian market.
Nifty 50 Important points of analysis to keep in mind:
Nifty 50 Earnings Growth: The Nifty 50 is expected to see a 16% increase in earnings in the financial year 2024-25. This indicates that the companies within the index are projected to be profitable.
Comparison with other segments: While large-caps are expected to deliver good returns, small-cap stocks might outperform in the coming year based on their recent performance.
It’s important to note that this is just an analysis, and the actual growth of the Nifty 50 could be higher or lower depending on various factors. Some potential factors that could influence Nifty 50’s growth in 2024 include:
- Global economic conditions
- Performance of specific sectors within the Nifty 50
- Interest rate movements
- Government policies
Staying informed about these factors can help you make smart investment decisions.
Disclaimer: Investing in stocks involves inherent risk. Do your own research before making any investment decisions. The materials provided here are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Nothing contained here shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.