Nifty Could Hit 26,500 By Dec 2025, Say Emkay Analysts

Emkay Investment Managers Ltd. (EIML) has projected that the Nifty 50 will climb to 26,500 by December 2025, driven by an anticipated earnings growth of 15%.

What Happened: In a media webinar conducted by EIML on May 28, the portfolio management services division of Emkay Global Financial Services forecasted the Nifty to touch 24,500 by December 2024 and then advance to 26,500 by December 2025.

The immediate market attention will be on the election outcomes, with a likely comeback of the NDA government and policy consistency predicted to enhance positive sentiment in the Indian markets.

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EIML recommends a multi-cap strategy with equal emphasis on large-caps and mid-caps to capitalise on the widespread growth in Indian equity markets.

Manish Sonthalia, chief investment officer at EIML, mentioned that sectors such as BFSI, PSUs, and industrials are projected to perform well. He also pointed out a potential revival in the pharmaceutical sector, which has been in a downturn post-COVID.

EIML also underscored India’s golden decade of growth, standing at a pivotal point in advancing to an $8 trillion economy. Key themes to keep an eye on include rising consumption, manufacturing, green energy, digitisation & AI, and financialisation of savings.

Price Action: On Wednesday morning, Nifty 50 was trading 0.37% down at 22,803.30.

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