The Nifty 50 index of the National Stock Exchange (NSE) can reach 27,867 points in the next 12 months. This estimate has been presented by a brokerage company named PL Capital in its recent report. The title of the report is “Celebrating optimism amid geopolitical uncertainty”.

Current Status

Currently, the Nifty 50 is around 25,000 points. This indicates that there is scope for potential growth in the index. PL Capital has said that positive changes are taking place in various sectors, due to which improvement in the market is expected.

Identification of critical areas

PL Capital has targeted several sectors that may be suitable for investment. These include:

• capital goods
• Infrastructure
• Port
• hospital
• Tourism
• New Energy
• E-commerce
• Telecommunications

To invest in these sectors, one must keep in mind that they should be available at a reasonable valuation.

Profit growth expected

The brokerage company believes that the operating profit growth of companies in the hospital, pharmaceutical, capital goods, and chemical sectors will remain strong. Apart from this, motor vehicles, banks, and consumer durables are also expected to grow in double digits till September 2024.

Nifty Targets

PL Capital had earlier set a target of 26,820 points, which has been increased to 27,867 points. If the market remains in a bullish situation, then a target of 29,260 points has also been set for Nifty 50. Whereas, in a bearish situation it can trade at 25,080 points.

PL Capital's report indicates that optimism is growing in some areas of the market, while some challenges also exist. Investors are advised to make decisions cautiously and consider investing in suitable areas. In this way, enthusiasm and rays of hope regarding the future of Nifty 50 seem to be increasing.

According to this report, investors should focus on the growth prospects of Nifty in the coming months and make wise decisions.