JP Morgan warns of earnings risk, Nifty could drop to 20,500
after close1 source ↓written by the desknot a recommendation
- could fall
- 20,500
- target remains
- 27,000
- may face pressure
- 1QFY27
Global brokerage firm JP Morgan has cautioned that FY27 earnings in India are at risk due to ongoing energy and logistics shocks. In a bear-case scenario, the Nifty50 could fall to 20,500, while the base-case target remains at 27,000. The report highlights macroeconomic pressures and potential earnings downgrades if disruptions persist.
Key Points:
• Earnings in 1QFY27 may face pressure from higher input costs.
• Management commentary indicates risks from the Middle East conflict and inflation.
• Monitoring of El Niño impacts is essential for demand resilience.
Not investment advice. For informational purposes only.