Nifty seen rising to 29,050 next year on earnings and valuations
In short
Niket Shah of Compounding Asset Partners says the Nifty could move toward 29,050 over the next year. The view is based on strong company earnings and attractive valuations.
He and Anirudh Naha of PGIM India see opportunities in large-cap banks, mid-cap IT, EVs and select manufacturing companies.
What the reporting says
The Nifty could rise towards 29,050 over the next year, according to Niket Shah of Compounding Asset Partners, with support from strong corporate earnings and attractive valuations. The view was shared in a CNBC TV18 Market summary and was echoed alongside comments from Anirudh Naha of PGIM India. They pointed to opportunities in large-cap banks, mid-cap IT, EVs and select manufacturing companies.
Why it matters
The market view from Niket Shah and Anirudh Naha points to a bullish outlook for Indian equities over the next year. The call highlights large-cap banks, mid-cap IT, EVs and select manufacturing as areas they believe could benefit from earnings growth and valuation support. The source frames this as an outlook, not a confirmed market move.