Domestic brokerage firm Prabhudas Lilladher sees Nifty at 20,936 in the next 12 months. “We estimate Nifty EPS at Rs 855.2 and Rs 963.4 and introduce FY25 EPS at Rs 1,069.2. This shows a growth of 12.1/12.7/11% for FY23/24/25. Our estimates are 3.5% and 5.6% and 8.3% lower than consensus EPS estimates,” Vikram Kasat, Head – Advisory, Prabhudas Lilladher, said.
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