Nifty 50 Projected to Reach 27,867 Level in Next 12 Months: Prabhudas Lilladher

Brokerage house PL Capital raised its Nifty 50 target to above 27,500, projecting the index could hit 27,867 levels in the next 12 months driven by resilient sectors and cautious optimism amid geopolitical uncertainties. The firm highlighted sectors like capital goods, infrastructure, hospitals, and new energy as ones to watch for growth. Despite challenges in certain sectors, including those related to monsoon rains and elections, the firm sees potential for growth in the market and recommends careful investment decisions.

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