Monarch Networth says Nifty can hit 28,000 in 2026, picks three top stocks

Monarch Networth Capital projects the Nifty to reach 28,000 by 2026, estimating Nifty EPS at 1,251 for FY27 and 1,443 for FY28. The brokerage expects the next leg of market gains to be led by banking, telecom, and a gradual recovery in large-cap IT, while remaining constructive on midcap and smallcap segments following 18 months of earnings adjustment. It targets the Nifty Midcap 150 at 25,595 and Nifty Smallcap 250 at 19,640, citing the rate-cut cycle as a key catalyst. Top stock picks include SBIN, HFCL, and HINDCOPPER.