On January 1, 2025, the first trading session of the new year, the Indian headline indices Sensex and Nifty opened marginally on a positive note. The Sensex gained 100.99 points or 0.13 per cent, starting at 78,240.00, while the Nifty climbed 20.20 points or 0.09 per cent, reaching 23,665.00.
Bajaj Broking Sets Bullish Target for 2025
Bajaj Broking, in its detailed report “Market Outlook and Top Picks CY25,” has set an ambitious Nifty target of 28,700 for the calendar year and expressed a positive outlook for the year.
“We have analyzed the market from different angles and have set a target of 28,700 for CY25. All indicators suggest that the bulls will dominate in CY25,” the report stated.
“The upward trajectory may not be linear. Healthy corrections are expected, offering long-term investors the chance to capitalize on dips,” added Bajaj Broking in its report.
Bajaj Broking’s Top Stock Picks for 2025
The report has outlined five stocks that are expected to deliver significant returns in 2025. Here are the details:
1. Prestige Estates Projects
Operating in the realty sector, this stock has a market cap of Rs 80,697.31 crore. With a recommended buying range of Rs 1,810–Rs 1,880, it has a target price of Rs 2,290, offering a potential upside of 24 per cent.
“The stock is currently on the verge of a breakout above a bullish flag formation, signaling continued upward momentum. We expect the stock to head towards Rs 2,290 in the coming year, being the 138.2 per cent external retracement of the last decline (Rs 2,074–Rs 1,506),” noted in the Market Outlook and Top Picks CY25 report.
Also Read: What’s the outlook for gold in 2025? Check Gold, silver rate today on January 1 in Mumbai, Delhi, Chennai, Kolkata
2. Housing & Urban Development Corporation Ltd (HUDCO)
A key player in housing finance, HUDCO boasts a market cap of Rs 49,246.74 crore. Investors can consider entering at Rs 238–Rs 249, aiming for a target of Rs 314, reflecting an upside of 29 per cent.
“The stock has recently rebounded, taking support at the long-term 12-month EMA. We expect the stock to head higher toward Rs 314 in the coming quarters,” it added.
3. Laurus Labs
This pharma sector stock has a market cap of Rs 30,570.33 crore.
» Read More
