PL Capital Projects Nifty to Reach 27,958 in 12 Months Amid Earnings Growth and Trade Progress

PL Capital projects the Nifty index to reach 27,958 within 12 months, driven by improving earnings visibility, trade agreements, and infrastructure spending. The brokerage forecasts a 16.3% compound annual earnings growth rate between FY26 and FY28, despite recent EPS downgrades. Valuation scenarios range from a bearish 26,486 to a bullish 30,497 target. The report highlights India's transition to a structurally stronger growth phase supported by policy clarity and trade progress, including the India-EU Free Trade Agreement.