Prabhudas sees Nifty at 25,810 by 2024-end

Prabhudas Lilladher has raised its target on the Nifty for 2024 to 25,810, implying an upside of 14.35% from Thursday's closing of 22,570, and advises investors 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 FII inflows,» said Amnish Aggarwal, head of institutional research, Prabhudas Lilladher, in a note to their clients.

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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.

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