ETMarkets Smart Talk: Based on multi-factor model, we see Sensex at 77400 by December 2024: Pawan Kumar
“Basis our in-house multi-factor model, Sensex’s fundamental value for Dec’24 is 77,400. Market value of Sensex in Dec’24 could be higher or lower than intrinsic value basis various factors,” says Pawan Kumar, Director — Investment Research & Advisory — Client Associates.
In an interview with ETMarkets, Kumar said: “We also advise investors to book profit in mid and small-cap stocks and reallocate to large-cap stocks,” Edited excerpts:
Indian market hits fresh record highs in February 2024 with the Nifty 22K mark. As we step into the last month of the financial year – history suggests that Nifty has given a positive return in 4 out of the last 10 years. Where are markets headed?
A) Indian equity markets are currently witnessing a goldilocks situation with steady GDP growth, moderate inflation, stable macro profile, and a double-digit EPS growth. In the medium to long term, Indian equity markets are likely to continue to deliver double-digit returns.
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As far as short-term expectations are concerned, investors should stay away from predicting any short-term price movement of key indices.
Basis our in-house
