Nifty to hit 27,000 in one year? PL Capital says Middle East crisis, El Nino can play a spoil sport; names 15 top picks

PL Capital has set a Nifty target of 27,000 over one year, implying about 12% upside from 24,078, citing resilient Indian economy, Q1 FY27 steady demand trends, and FCNR bonds boosting credit availability by 3%. The brokerage remains cautiously optimistic amid risks from West Asia conflict, El Nino, and a potential 10-15% monsoon deficit, with positive outlook on banks, NBFCs, capital goods, defence, telecom, jewellery, hospitals, and consumer durables, while staying cautious on IT, exports, cement, and oil & gas. Top large cap picks include Bharti Airtel, Britannia Industries, ICICI Bank, Kotak Mahindra Bank, L&T, Shriram Finance, and Titan Company.