“Bullish on Indian equities, raising its December 2026 Nifty target to 27,360 based on 19.5 times December 2027 estimated earnings, following upgrades to FY27 and FY28 Nifty earnings estimates. The brokerage advises shifting investment strategy towards earnings-led stock selection, favoring companies with visible earnings growth, strong cash flows, credible capex plans, and improving return ratios, while maintaining diversified portfolios and reducing concentration in expensive stocks.”

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