The benchmark index Nifty 50 will touch the 25,000 mark by December 2025. This indicates a possibility of an increase of about 11 percent from the current closing level of 22,545. This expectation has been expressed by Bank of America (BofA) Securities. The reason for this expectation is that valuations have become cheaper after the recent correction. On March 6, the National Stock Exchange's Nifty closed at 22,544.70 with a gain of 207.40 points or 0.93 percent. During trading, the Nifty had climbed up to 219.15 points at one time. The stock market remained bullish for the second consecutive day.
Analysts at BofA Securities led by Amish Shah expect small and midcap stocks to deliver negative returns in 2025 as they are still expensive on most fundamental metrics. BofA said it sees telecom, financials, industrials, energy, IT and auto stocks contributing 90 per cent of Nifty earnings growth.
These 12 stocks were given 'buy' rating
BofA Securities has also prepared a list of 12 stock picks with a 'buy' rating. Among these, HDFC Life is likely to see the highest upside. BofA has set a target price of Rs 875 for the stock, which is about 42 percent higher than the current price. Next is the stock of automaker Mahindra & Mahindra. BofA Securities has set a target price of Rs 3,650 per share for this stock. This is about 33 percent higher than the current levels.
Bharti Airtel is expected to grow by 28 percent in future
Talking about other stocks, BofA Securities has given a target price of Rs 2,085 per share for Bharti Airtel stock, which is 28% higher than the current price. The target for Larsen & Toubro (L&T) stock is Rs 4,150, which indicates a further upside of 27%. The target price of Rs 1,300 for Axis Bank stock is 26% higher than the current levels. The target price for Titan stock is Rs 3,980, which is 27% higher than the current price.
Similarly, the target price given for Infosys shares is Rs 2,150 (26% higher), Rs 780 (21% higher) for Shriram Finance, Rs 1,500 (23% higher) for ICICI Bank, Rs 6,850 (23% higher) for Divi's Laboratories, Rs 6,000 (18% higher) for Eicher Motors and Rs 9,350 (11% higher) for Bajaj Finance shares.
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