“Axis Securities has raised its December 2026 Nifty target to 27,360, remaining constructive on Indian equities. This bullish outlook is supported by strong macroeconomic fundamentals, sustained government capital expenditure, GST 2.0 reforms, and an improving corporate earnings cycle, with Nifty earnings projected to grow at a 13% CAGR over FY23-FY28, underpinning healthy medium-term market returns.”

Axis Securities Analysis’s track record: 3 graded calls · 95% CI 21–94%