🇮🇳 🇮🇳 BoFA Securities is expecting Nifty50 to hit 23,000 in 2024, despite its conservative earnings forecast at 12% CAGR over FY23-26 against consensus estimates of 15%. “We see risks skewed in favor of Nifty: expect CY24 returns at -6% (worst case) to +23% (best case). Our base case is Nifty at 23000 (15% returns)”
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