Story thread · 2 reports / 1 sources

Nifty to hit 50,000 before 2035? Raamdeo Agrawal maps 3 valuation-based timelines

economictimes.indiatimes.com · 13hShare

India’s headline equity index, the Nifty50, could nearly double to 50,000 within the next six to nine years and reach the milestone anytime before 2035, Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, said, laying out three distinct timelines based entirely on how price-to-earnings multiples move from here.Speaking at the 22nd Motilal Oswal Annual Global Investor Conference in Mumbai, Agrawal said there is a high probability of Nifty hitting 50,000 anytime before 2035.Raamdeo Agrawal’s Nifty math: 3 scenariosAgrawal's timeline hinges on a single assumption: Nifty earnings compounding at roughly 12% a year, in line with an expected 11% nominal GDP growth rate. From there, the path to 50,000 splits three ways depending on the multiple the market is willing to pay. If the P/E multiple holds steady at 20–21x, the Nifty target of 50,000 will take roughly 8 years. If the multiple expands to around 24x, it will take roughly 6 years and if the multiple compresses to around 18x,

First report: Equity investments should give about 15% annual returns over next 5 years: Raamdeo Agrawal — economictimes.indiatimes.com, 1d