Emkay Global Increases Nifty 50 Target to 26,000 for Sept 2025; Adds ITC, Delhivery to Portfolio

Emkay Global Raises Nifty 50 Target to 26,000 for September 2025

The Indian stock market has shown impressive resilience in 2024. Nifty 50's strong performance has led Emkay Global to revise its target for the index to 26,000 by September 2025.

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Market Performance Nifty 50's 2024 Surge Since March 31, 2024, Nifty 50 has delivered over 13% returns. This strong performance reflects investor confidence in the Indian economy.

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Key Milestones: New Highs Achieved In September 2024, the Sensex crossed 82,700, and Nifty 50 surpassed 25,300 for the first time. Indian equities are on a record-breaking run!

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Target Revision: Emkay Global's New Target Emkay Global raises Nifty 50 target from 22,000 to 26,000 for September 2025. This reflects a Price-to-Earnings Ratio (PER) of 22x, signaling optimism for market growth.

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Key Themes: Sector Rotation Expected Watch out for rapid sector shifts in H2FY25 as the market adapts to changing economic conditions.

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Interest Rate Cuts Rate Cuts on the Horizon Interest rate cuts by the US Fed and RBI could increase liquidity, benefiting sectors like Real Estate, Autos, and NBFCs.

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Rural Consumption Rural Revival Anticipated As inflation eases, rural and mass consumption are expected to pick up, driving growth in related sectors.

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Valuation Outlook Optimistic Valuations Emkay Global revises the Nifty 50’s PER to 22x. Despite this, near-term upside might be limited to around 4%, with possible market consolidation.

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Sector Strategy Top Picks: IT, Energy, Healthcare Emkay Global stays overweight on IT, Energy, and Healthcare sectors, citing strong growth potential.

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Underweight Sectors Financials and Metals Lagging The financial and metals sectors remain underweight due to structural challenges and weaker growth prospects.

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