Raghu Kumar is Cofounder, RKSV
Here is a question for you. Knowing that the Nifty currently stands at 7750 and we have just about 6 months left in the year, where do you see the Nifty at the end of the year? 8000, 9000, or perhaps even 10,000 level?
Or are you looking at the other direction and betting on the idea that all the recent optimism is nothing but smoke and mirrors? Perhaps 7000 comes to mind. Since the 1st of May, the Nifty has appreciated 15%. If we make the assumption that this trend continues (that is, the Nifty continues appreciating 15% every two months), we are looking at the Nifty ending the year at 11576.