Prabhudas sees Nifty at 25,810 by 2024-end
"June beginning is a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase FII inflows," said Amnish Aggarwal, head of institutional research, Prabhudas Lilladher, in a note to their clients.
Mumbai: Brokerage has raised its target on the for 2024 to 25,810, implying an upside of 14.35% from Thursday's closing of 22,570, and advises to buy during dips. The firm expects the BJP-led NDA government to win the elections."June beginning is a crucial turning point as uncertainty around the political front and monsoons will be over, which can significantly increase inflows," said Amnish Aggarwal, head of institutional research, Prabhudas Lilladher, in a note to their clients.
The firm increased weight on capital goods, healthcare, telecom and auto, and cut weight on IT, BFSI, and hospitals. It remains underweight on consumer, metals, and cement.
Source: Stocks-Markets-Economic Times
