More than 80% CAGR?

Fundamental Analysis
1

Hello everyone,

Just read the old article where Rakesh Jhunjuhunwala said that Nifty can reach 1,25,000 level in 2030 so does that mean considering current situation / level, we can expect more than 80% CAGR?

From current level 10,605 to 1,25,000 = 1078% Growth / 12 Years = 89%

Do you think this is possible? Please justify your answer.

Thanks in advance

2

Think he would have said about sensex.Can you post the article?

3

Here

1 Like
4

@Dudeperfect
It’s not 80℅, it is 23℅

1 Like
5

Yes, he predicted about Sensex as well…

  1. Nifty at 100000 & Sensex at 400000 by 2030

  2. Nifty will hit 1,25,000 by 2030: Jhunjhunwala

6

How, can you please explain? I am using this Logic

From current level 10,605 to 1,25,000 = 1078% Growth / 12 Years = 89% Per Year

7

@Dudeperfect About cagr. Check out https://www.investopedia.com/terms/c/cagr.asp

and the calculator https://www.investopedia.com/calculator/cagr.aspx

2 Likes
8

In excel, you can use the rate formula: =RATE(12,0,-10605,125000)
This will give the result as 22.82%

2 Likes