Solid outlook

Despite a volatile second half of CY24, domestic brokerage firm ICICI Securities highlighted that the Nifty has achieved a milestone of 24,800 for CY24 and is now poised to move towards the 28,800 levels in CY25.

Historical trends and favorable risk-reward setups, such as Nifty bouncing from its 52-week EMA, signal continued growth, with similar patterns over the past two decades delivering an average forward return of 23% in the next 12 months.

With this growth outlook in the picture, below are ICICI Securities’ top 8 stock recommendations for CY25, with up to 28% returns: