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Nifty can touch 25,320 by Dec, pvt banks & healthcare to lead
The Business Guardian
|March 16, 2024
Gandharv Anand of CapitNbulls, a franchise under Motilal Oswal Financial Services Ltd., sees an upside target of Nifty in the range of 24,550 to 25,350 by the end of December 2023 (base case scenario).
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The targets for the index have been revised upwards due to an upward revision in the 15-year average PE (18.8x) with an EPS of 1,342.
Technically, we need a strong closing above the levels of 22,124 to initiate fresh longs. With ADX near historic highs and weekly RSI divergence, I'm not comfortable to enter fresh trades here. Even on Tuesday (February 27, 2023), the market breadth remained very poor, and more than 53 percent of stocks were trading 3 percent or lower.
At present, there is a froth in the valuations of mid-caps and small caps; however, large caps are fairly priced to be added to any dips. Midcaps are trading at a price-to-earnings ratio of 27x, and small caps are trading at a price-to-earnings ratio of 33x.
Such high levels are not at all comfortable for making an investment.
Denne historien er fra March 16, 2024-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
The Business Guardian
Heavy rains batter Maha, NDRF rescues over 300 people in Marathwada districts
‘The Continuous heavy rainfall across several districts of Maharashtra has led to a flood-like situation, prompting the deployment of the National Disaster Response Force (NDRF) in Beed, Dharashiv, and Solapur districts.
1 min
September 24, 2025
The Business Guardian
Rahul Gandhi urges PM to announce Punjab Flood relief package
Congress leader Rahul Gandhi on Monday again urged Prime Minister Narendra Modi to immediately announce a comprehensive relief package for Punjab following devastation caused by floods in the state.The Congress leader, who had written a letter to PM Modi earlier, said Punjab has suffered losses of “nearly Rs 20,000 crore” due to the floods, and the initial relief package of Rs 1600 crore announced by PM Modi is an “injustice” to the people of Punjab.”
1 min
September 24, 2025
The Business Guardian
Workplace culture and human behavior: A key to mental health
In today’s fast-paced and interconnected world, work environments have a profound effect on employees’ mental health.
5 mins
September 24, 2025
The Business Guardian
SCHOOLING WOMEN: LESSONS AT HOME, VOICES OUTSIDE — EDUCATION’S RISE FROM ZENANA T0 ASSEMBLY
Not a one-way crossing but a two-way circulation: household skills—thrift, hygiene, record-keeping—scaled into public reform, while exams and magazines brought civic habits back home. The “good wife” became budget-maker and petition-signer; the school learned the idioms of cleanliness and care. Separate spheres, in practice, taught each other.
10 mins
September 24, 2025
The Business Guardian
Small states, big challenges: The legal paradox of UN membership
This article is an extension of the views I previously expressed in my article, “The Feeble Existence of the United Nations,” published on 16 October 2024.
3 mins
September 24, 2025
The Business Guardian
‘Defacement will not be tolerated’: Delhi CM
‘ACTION ON THOSE PUTTING UP POSTERS’
2 mins
September 24, 2025
The Business Guardian
Rahul launches Organization Creation Campaign in key states, raises factionalism concerns
Rahul Gandhi, Leader of the Opposition in the Lok Sabha, has launched the Organization Creation Campaign in states considered organizationally sound. These states are Rajasthan, Telangana, and Chhattisgarh.
1 mins
September 24, 2025
The Business Guardian
Crompton launches DURA series submersible pumps
When it comes to water supply, consumers look for solutions they can trust - especially for high-value, long-term investments like submersible pumps.
2 mins
September 24, 2025
The Business Guardian
ED SEIZES RS 7.44 CR ASSETS LINKED TO AAP’S SATYENDAR JAIN
The Enforcement Directorate (ED) on Tuesday said it has attached a fresh set of assets worth Rs 7.44 crore of companies \"beneficially owned and controlled\" by AAP leader and former Delhi minister Satyendar Jain as part of a money laundering investigation.
1 mins
September 24, 2025
The Business Guardian
Nearly 200 fall ill after consuming buckwheat flour in Delhi
Nearly 200 people have fallen ill due to food poisoning allegedly after consuming buckwheat flour during Navratri fasting in northwest Delhi, police said on Tuesday.
1 mins
September 24, 2025
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