Nifty likely to touch 27,958 in 12 months: Report
NEW DELHI: Early signs of revival are emerging in Indian markets, with the Nifty projected to reach 27,958 over the next 12 months under a base case scenario, a report said on Wednesday.
The report from PL Capital said that a bullish scenario of a 20x forward earnings multiple implies upside toward 30,497, while a conservative bear case suggests 26,486 target for Nifty.
The firm said that EPS growth is expected at 3.8 per cent, and medium‑term earnings trajectory remains strong with an estimated 16.3 per cent CAGR over FY26–28. Corporate performance has remained resilient, with sales, EBITDA and profit after tax growing 9.9 per cent, 16.4 per cent and 16.7 per cent year‑on‑year respectively, the report further said.
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