Elara Capital Projects Nifty to Hit 30,000 by FY27 on Strong Earnings Outlook
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News18•15-01-2026, 09:14
Elara Capital Projects Nifty to Hit 30,000 by FY27 on Strong Earnings Outlook
- •Elara Capital forecasts Nifty to reach 30,000 by March 2027, indicating a 17% upside from current levels.
- •Market performance is expected to be driven by corporate earnings recovery, not valuation expansion.
- •Nifty earnings are projected to compound at 14-15% through FY27 and FY28 after a weak FY26 start.
- •Recovery will be supported by favorable macro and policy triggers, including double-digit nominal GDP growth and benign interest rates.
- •The number of sectors with double-digit profit growth is expected to rise from four in FY26 to seven in FY27, indicating a broader recovery.
Why It Matters: Elara Capital predicts Nifty will reach 30,000 by FY27, driven by robust corporate earnings growth.
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