Within the bull case state of affairs, PL Capital expects the Nifty to rise to 27,590, assuming valuations revert to the long-term common P/E of 18.9x on a projected FY27 EPS of Rs 1,460. This represents an upward revision from the sooner bull case goal of 27,041.
Within the base case, the Nifty is valued at a 7.5% low cost to the 15-year common P/E, translating to a a number of of 17.5x on the identical EPS of Rs 1,460. This leads to a 12-month goal of 25,521, barely revised down from the earlier estimate of 25,689.
Underneath the bear case, assuming a ten% low cost to long-term common valuations, PL Capital tasks the Nifty to fall to 24,831, revised from 24,337 earlier.
