Stock Market Outlook: Nifty 50 May Rise 15–25 Per Cent By March 2027, Could Hit 28,000–31,000, Says Report
· Free Press Journal
New Delhi, April 22: India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.
Earnings outlook
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The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.
Factors supporting growth
It forecast a potential re-rating driven by easing geopolitical tensions, moderating crude prices, a strengthening INR, and a softer inflation outlook. These factors could enable the RBI to hold interest rates steady and also support renewed FII inflows, the firm said.
Over the past 25 years, the index has delivered roughly 14.26 per cent compound annual growth, including dividends.
“Market is significantly undervalued and even at moderate earnings growth rate, returns are likely to be quite rewarding for long-term investors who can tolerate volatility,” said Vikas V Gupta, CEO & Chief Investment Strategist, OmniScience Capital.
Sectoral opportunities
The report highlighted sectoral opportunities, mainly banks as well positioned, with gross non-performing assets below 2.5 per cent, capital adequacy around 17 per cent, and provision coverage near 76.6 per cent.
This positions them to fund incremental credit of roughly Rs 94 lakh crore without fresh equity. A sustained government and corporate capex cycle should drive multiyear credit growth and earnings visibility.
The power sector is expected to benefit from a Rs 65–70 capex opportunity, backed by strong policy support, it said.
Rising electricity demand—potentially tripling—along with new-age consumption (EVs, data centres) adds durable visibility, the report added.
“We are overweight on banks, financial services, and the power sector, driven by strong earnings growth, healthy balance sheets, and significant capital allocation toward capacity expansion," said Ashwini Shami, President & Chief Portfolio Manager, OmniScience Capital.
Also Watch:
Indian Equities Enter 2026 On Stronger Footing With Realistic Valuations & Earnings Focus, Budget To Reinforce Policy ContinuityCaution on IT stocks
Despite recent corrections, IT stocks remain at fair-to-elevated valuations relative to growth visibility. Ongoing uncertainty around AI disruption and global tech spending warrants caution, the report warned.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)