Elara Capital has set an ambitious target for the Nifty, projecting a rise to 30,000 levels by March 2027, representing a 17% upside from the current closing level of 25,666 as of Wednesday. According to the brokerage, a likely earnings rebound will fuel this surge. Elara’s investment strategy is focused on specific sectors showing potential for growth, including consumption, premiumization themes, and select financial and oil stocks. The brokerage is particularly bullish on NBFCs, private banks, and oil marketing companies, driven by favorable conditions like soft crude oil prices and expanding refining margins.
Nifty Target and Upside Potential:
Metric
Value
Current Nifty Level
25,666
Target Nifty Level
30,000
Upside Potential
17%
Target Date
March 2027
Sectoral Preferences:
Sector
View
Key Themes
Consumption
Overweight
Premiumization via discretionary plays
Auto
Positive Outlook
Focus on premium auto brands
Jewellery
Positive Outlook
Growth in premium jewelry demand
Beauty and Personal Care
Positive Outlook
Growth in premium and luxury products
Hotels
Positive Outlook
Recovery in leisure and business travel
Financial Sector Preferences:
Sector
View
Key Themes
NBFCs
Overweight
Strong growth potential
Private Banks
Overweight
Robust growth driven by credit expansion
Oil and Refining Sector Preferences:
Sector
View
Key Themes
Oil Marketing Companies
Overweight
Benefits from soft crude oil prices and refining margin expansion
