Citi updates its Nifty 50 target

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Citi updates its Nifty 50 target
Credit: © Reuters.

Analysts at Citi revealed a new Nifty 50 March 2025 target in their India equity strategy note this week.

The investment bank explained that it expects Nifty/Citi Universe earnings growth at 8% and 7% year-on-year, respectively. Excluding energy, analysts see Nifty/Citi Universe earnings and EBITDA growth flattish and in the mid-single digits YoY, respectively.

The bank wrote, "We expect strong YoY growth in Autos, Energy, Pharma, and Utilities, while Banks, IT, Industrials, Materials, and Staples are expected to be subdued."

Analysts believe markets will likely focus on consumption trends (both rural and urban) and bank NIMs/asset quality trends. Citi also states that elections continue to be a key investor focus.

The full year 2024 to 2026 Nifty EPS CAGR for Citi/Consensus is at 13% and 14%, with better than long-term average earnings revision trend.

The bank's new March 2025 Nifty target is 23.9k, implying a potential 5% upside. The Nifty 50 is currently at 22,519.40 after declining just over 1% in the previous session.

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  • Muthukumar Ramasamy @Muthukumar Ramasamy
    buy Nifty on declining at 22300-350 on Monday
    Like 2
  • Papun Papu @Papun Papu
    Nifty ka 22750 ce hold he 79 me liya abhi 46.75 kya hoga
    Like 0
    • Ashish Agrawal @Ashish Agrawal
      Like 1
    • Ritesh Desai @Ritesh Desai
      average in open. x10. msg me for more information 91..0..68..111..81.
      Like 0
    • Bhaskar Barman @Bhaskar Barman
      hahaha gayo re paise gayo re😂tomorrow nifty is going to open at 22350😀
      Like 0
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  • amit shrivastava @amit shrivastava
    Monday kya hoga sir 9 lot hai 22650 k 136 pee loss me hu
    Like 1
    • Aditya Priti @Aditya Priti
      Bhai overnight position hold me Kiya kro ...it's a humble request
      Like 0
    • maheswara reddy @maheswara reddy
      monday market will close in positive.. dont worry
      Like 2
    • Nalin Dwivedi @Nalin Dwivedi
      Monday there will be recovery since IT results seems positive starting with TCS.
      Like 0
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