In 2024 will Nifty reach 30,000?

12mo ago

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FluffyCupcake

Amazon12mo

To give the answer with some back of the envelope calculations-

Current Nifty50 is ~21500 EPS (1 yr forward) ~ 940

If Nifty50 is ~ 30000 Assuming EPS ~1000 (best case scenario) Nifty50 PE ~ 30

To me, Nifty50 with PE ~30 would be overvalued and dangerous. As markets are recovering from ZIRP irrationality, the chances of Nifty hitting 30k in 2024 looks bleak.

WigglyRaccoon

Google12mo

That’s too much optimism, stable 25K is still viable!

SwirlyTaco

Stealth12mo

60,000 by 2030.

WigglyWalrus

Dr Reddy's Laboratories12mo

NIFTY will hit 25,000 by elections. Mark my words.

FloatingUnicorn

Stealth12mo

Will it hit 25 this year?

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