Nifty 50 target for March 2025 at 24,800, says ICICI Securities (2024)

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Nifty 50 target for March 2025 at 24,800, says ICICI Securities? ›

According to experts, our one-year forward objective for the Nifty 50, which is set for March 2025, is 24,800. This represents a 10% upside against the long-term predicted returns of around 14%.

Nifty is projected to continue its upward trajectory, surpassing 26,500 by December 2025, according to brokerage firm Emkay Investment Managers.

Nifty 50 hit the milestone of 23,000 for the first time on Friday, May 24. The index is now up about 25 per cent from its 52-week low of 18,333.15, which it hit on May 26 last year.

Base Case Scenario: Assuming the Nifty continues to trade at the 15-year average PE of 19x, and considering the estimated EPS of 1358 for March 2026, the brokerage predicts the Nifty could reach 25,810 by December 2024. (An earlier estimate based on a slightly different EPS resulted in a target of 25,363).

Raamdeo Agrawal: Nifty is hovering around 22,000 levels. If you get 15% compounded on a five-year basis, you're talking about 44,000-45,000 in the next five years. Nifty should kiss the 50,000 mark by 2030-2031.

Nifty 50 opened at 22,455, up 128 points against the previous close of 22,326.90 and rose about 2023 points to hit its fresh record high of 22,529.95 during the session.

The required span margin for Nifty futures on the NSE is 10% of the contract value.

CLSA analysts recommended taking profits around 23,745 to 23,750 points in the Nifty, in anticipation of a similar consolidation taking place after the 2024 results. They forecast the next resistance levels for the Nifty would be around 23,100, 23,745-23,750, and 24,000 points.

What is the target price of ICICI Bank in 2026? ›

ICICI Bank Share Price Target 2026: The target ranges from ₹1,855 (minimum) to ₹2,051 (maximum), with an average of ₹1,953.

RVNL's share price is expected to reach ₹666.21 by the end of 2025.

Brokerages said ICICI Bank remains the preferred pick in the banking space, given its superior returns profile, top-management credibility, and strong capital/provision buffers. Want In-Depth Report & Analysis on ICICI Bank to make smarter buy/sell decisions? MCap (₹ Cr.)

Given this backdrop, he believes India's high valuation is sustainable and expects the Nifty 50 index to reach 25,200 by March 2025, implying an upside of 12%. The Nifty target is based on March 2026 EPS estimates of ₹1,226 and a 12-month forward target PE multiple of 20.6x.

The near-term outlook remains positive, with the index staying above the crucial moving averages. Support lies at 22,900, below which the index might slip towards 22,800. On the higher end, bears are active around 23,000-23,050. A decisive move above 23,050 might trigger a stronger rally towards higher levels.

Nifty 50 Total Return index Performance

The Nifty 50 TR index has returned 11.8% CAGR, 17.6% CAGR and 28.4% CAGR over the last 15 years, 5 years and 1 year respectively. Volatility has been 22% over the last 15 years, 18.2% over the last 5 years and 15.8% over the last 1 year. All data are as of December 15, 2021.

Harshubh Mahesh Shah predicts 30,000+ Nifty by 2027, advocates quality stock accumulation and 70% equity, 30% bonds allocation. Discusses astrology, Moon cycles, and financial astrology course. Shares insights on market trends and volatility.

We see nifty to trade higher towards 22,000 in the medium term and head more towards 24,000 - 25,000 on or before December 2024. Meanwhile, we may continue to see a lot of volatility on the global front which would keep Indian markets in place to use all dips to accumulate India's growth story.

Technical View: Traders remain cautious ahead of exit polls, 22,800-23,000 looks likely for Nifty if 20-day SMA holds. The options data indicate that on the higher side, the Nifty 50 may face resistance at 23,000, while on the lower side, 22,000 is the key support to watch.