PL Capital predicts Nifty bull case target at 27,590, flags 23 SMID, largecap stocks as high conviction picks

April 14, 2025

Prabhudas Lilladher Capital maintains a positive long-term outlook on Indian equities, projecting a Nifty bull case target of 27,590, while revising its 12-month base case target to 25,521 due to global and domestic macroeconomic headwinds. They highlight geopolitical tensions, weakening domestic demand, and earnings downgrades as key concerns, impacting various sectors differently.

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