Markets
Nifty could head to 32,000 by FY29 as earnings recover, says Sohum's Sanjay Parekh
Reported by: CNBC TV18 ·
Summary
CNBC TV18 reported that Sanjay Parekh of Sohum Asset Managers sees the Nifty reaching 32,000 by FY29, with an earnings recovery supporting Indian equities. The report said he favours large banks, autos, NSE and Swiggy, and remains cautious on IT and FMCG. FY29 means the financial year from April 2029 to March 2030; the Nifty is the benchmark index of 50 large companies on the NSE. This is the analyst's view, not Hypeless's. The report gives no figures behind the view.
AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18
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CNBC TV18 · · Tone 0
Nifty could head to 32,000 by FY29 as earnings recover, says Sohum's Sanjay Parekh
Sohum Asset Managers' Sanjay Parekh sees earnings recovery supporting Indian equities. He favours large banks, autos, NSE and Swiggy while remaining cautious on IT and FMCG.
Some headlines quote an analyst. Those views are theirs, not ours.
Key terms
Words in this story, explained in plain language in our Learn pages.
- Nifty
The Sensex and the Nifty 50 are scoreboards for a group of big Indian companies. Learn what they measure and how to read "Sensex up 300 points".
Learn: What are the Sensex and the Nifty?
- earnings
Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.
Learn: How to read a company's results
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Swiggy shares hit 52-week low, down 35% in 1 month- should investors buy the stock after Q2 results? Expert view
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Swiggy Share Price Tanks Over 9% After Q2 Results. Should You Buy, Sell Or Hold?
Ask Hypeless about this story
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- What happened here, in simple words? Nifty could head to 32,000 by FY29 as earnings recover, says Sohum's Sanjay Parekh
- Where do the outlets differ in how they report this? Nifty could head to 32,000 by FY29 as earnings recover, says Sohum's Sanjay Parekh
- What does "Nifty" mean?