Religare's Ajit Mishra Says Nifty 24,700 In Sight; Bets On GAIL, HAL
· Business · Business Standard
Religare's Ajit Mishra says Nifty is expected to reach 24,700, citing strong market momentum and sectoral tailwinds. He specifically highlighted his bullish bets on GAIL and Hindustan Aeronautics Limited (HAL), two energy and aerospace stocks showing robust fundamentals. The statement was made during a market commentary in Business Standard, referencing current trends in India's financial landscape. Mishra's outlook reflects confidence in continued growth driven by domestic consumption and infrastructure development.
Why it matters
Retail and institutional investors tracking Nifty levels will adjust positions based on Mishra's 24,700 target, while his stock picks in GAIL and HAL could influence sector-specific inflows in energy and aerospace. The commentary signals renewed optimism in India's equity markets amid improving macro indicators.
Read the original report — Business Standard
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.