Nifty near 28,000 by Feb 2027? Prabhudas Lilladher says current consolidation setting stage for next rally
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Prabhudas Lilladher has said that the country's growth narrative is entering a decisive phase, driven by policy clarity, landmark trade deals and a sustained infrastructure push. It set a 12-month target of nearly 28,000 for the Nifty 50, citing multiple reasons. The domestic brokerage in its latest India Strategy Report said that the prolonged phase of consolidation seen in Indian stock markets appears to be setting the stage for renewed optimism as structural drivers remain firm despite recent earnings recalibrations. Benchmark index Nifty 50 has traded within a narrow 5-6% range over the past nine months. This reflects a period of adjustment amid global geopolitical uncertainties, Trump’s tariff flipflops and 9–9.5% earnings per share (EPS) moderation for FY26 and FY27, PL Capital said. 'Early signs of revival are emerging' The brokerage, however, highlighted that early signs of revival are emerging. “Corporate performance ...