In 2024 will Nifty reach 30,000?

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.

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

60,000 by 2030.

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

Will it hit 25 this year?