Brokerage company Prabhudas Lilladher Its basic case objectives have been modified Nifty 50 To 25,689, its earlier target was 27,172, and it is expected to prolong the fluctuation in the short term. The index targets for the brokerage firm’s Bull case and Bear case are 27,041 and 24,337, respectively.
The benchmark index fell to more than 14% from its all-time high of 26,277.35 on September 27 last year. It has been declining every month since October due to foreign capital outflows, weaker income, slide lows in rupee and geopolitical headwinds, largely due to tariff policies by U.S. President Donald Trump.
Prabhudas Lilladher said: “We lowered our base case Nifty target to 25,689 (27,172), which means that Nifty EPS cuts 0.8%, 2% and 2.6% of 2% and 2.6% of 2% and 2.6%. We recommend selective purchases for long-term earnings.
Key themes for long-term gain
Prabhudas Lilladher believes that Indian capital classic stories such as capital goods, below, ports, EMS, new energy, data centers, railways and the Ministry of Defense are all key themes to play.
In addition, healthcare, tourism (airport, hotel, accessories), discretionary consumption (E-COM, jewelry, food services, retail) and financialization (capital market entities, digital public subordinates) are also some key themes of long-term gains.
Prabhudas Lilladher’s Highly Belief Choice
The agency removed Ambuja Cement, Siemens, Lemon Tree, Praj, Jindal Stainless Steel, Cyient and Cyient DLM from the Draft of Faith. However, Siemens, Lemon Tree and Praj are still positive in the long run.
“We are adding ABB, Astral Poly, Chalet Hotels, Cipla, Ingersoll Rand, Keynes Tech and Maruti Suzuki to the conviction,” the agency said.
Top large draft picks
Prabhudas Lilladher’s top large-cap picks are ABB India, Bharat Electronics, Bharti Airtel, Britannia Industries, Cipla, ICICI Bank, Infosys, InterGlobe Aviation, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, Maruti Suzuki, Reliance Industries, and Titan Company.
Top and small hats
Aster DM Healthcare, Astral, Chalet Hotels, Crompton Greaves Consumer Electric, DOMS Industries, Ingersoll-Rand (India), Kaynes Technology India, Max Healthcare Institute and Polycab India are top mid-term and small companies in brokerage firms.
Prabhudas Lilladher’s Model Portfolio
After the brokerage cuts taxes, food inflation rate declines and repurchase rates, the demand for consumers has increased consumers’ overweight.
“We’re adding weight to banks and healthcare. We’re adding Cipla and Astral Poly in the model portfolio,” Prabhudas Lilladher said.
“We are increasing weight on Maruti Suzuki, ICICI Bank, Kotak Mahindra Bank, ABB, Bharat Electronics, InterGlobe Aviation, ITC and Bharti Airtel. We are reducing weights in L&T, Titan, HUL, Reliance Industries, HCL Tech, HDFC AMC, and there are small adjustments in others,” Prabhudas Lilladher said.
Indian stock market prospects: Challenges continue
Prabhudas Lilladher stressed that the Nifty 50 fell after consumer demand, currency weakness and geopolitical headwinds, as the U.S. president served in the U.S. president.
The brokerage expects domestic demand to recover gradually as it believes food inflation has peaked from 10.9% on October 24 to 10% now.
Prabhudas Lilladher believes that RBI and OMO (Open Market Operations) will reduce the buyback rate by 25 basis points, which will ease liquidity in the next three to six months.
and, ₹Prabhudas Lilladher said India’s consumer class tax cuts fell by 10 billion, religious tourism increased, and government capital expenditure (CAPEX) allocations, including PSU and allocations to states, will also help restore.
US tariff policy: No significant impact on India
Prabhudas Lilladher believes that India may not have any meaningful negative impact on U.S. policy, because “soft crude oil prices, geopolitical stability, if the Russian-Ukrainian war stops, while raising technology to India will neutralize the cost of Trump tariffs will be neutralized.”
“We expect the market to remain volatile in the short term, but stabilize at the end of the 4th quarter. We expect that we expect the impact of various government plans and monsoons (as per the normal monsoon of the APEC Climate Center in South Korea) to improve in consumer demand in 2Q26,” Prabhudas Lilladher said.
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Disclaimer: This story is for educational purposes only. The above views and suggestions are those of an individual analyst or brokerage firm, not mint. We recommend that investors contact certified experts before making any investment decisions.
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