JP Morgan maintains Nifty target at 27,000, favors power stocks
pre-market1 source ↓written by the desknot a recommendation
- 19% revenue growth
- across MSCI India
- 16% PAT increase
JP Morgan has reiterated its Nifty 50 target of 27,000, citing strong earnings growth in Q1 FY27, the best since June 2024. The brokerage is optimistic about domestic cyclicals, particularly Hitachi Energy, ABB, and NTPC, which are poised to benefit from rising demand in power and data centers. Overall, earnings momentum is expected to strengthen, with 19% revenue growth and 16% PAT increase across MSCI India.
Not investment advice. For informational purposes only.