Whalesbook
Nifty ki Raah, Earnings Growth se Roshan
Emkay Global ka estimate hai ki Nifty index March 2027 tak 29,000 ko touch kar lega, jisme P/E multiple 19.2x rahega. Unko pata hai ki crude oil prices aur global tensions ki wajah se near-term mein market mein utaar-chadhav ho sakta hai, par unke hisab se yeh temporary hai. Emkay investors ko सलाह de raha hai ki jab bhi market gire, use kharidne ka mauka samjhein.
Brokerage ka maanana hai ki Nifty earnings per share (EPS) FY27 tak ₹1,230 ho jayega, jo lagbhag 13% growth dikhata hai. Woh FY27 aur FY28 mein earnings recovery ko lekar confident hain.
Sector Picks: Consumption aur Infrastructure Bade Bhaalu
Emkay Global ko discretionary consumption, materials, industrials, aur real estate sectors bahut acche lag rahe hain, aur March 2027 tak inmein acchi expansion ki ummeed hai. Discretionary consumption ko sarkar ke tax cuts aur RBI dwara interest rate kam karne se fayda mil sakta hai. Materials sector mein bhi earnings growth ki potential hai, FY27 aur FY28 mein 14% EPS increase ka estimate hai. Industrials sector ko railways aur defense mein chal rahe capital expenditure se support milega. Real estate ko uski domestic resilience aur economic recovery ki wajah se favor kiya ja raha hai.
Khatre aur Savdhani Wale Sectors
Emkay Global ne financials, energy, healthcare, staples, telecom, aur technology sectors ko underweight karne ki salah di hai. Ek bada near-term risk sustained high oil prices hain, jo economic growth, inflation, aur RBI ki monetary policy ko affect kar sakte hain. Agar energy crisis serious hui, toh Emkay ke hisab se Nifty temporary 21,000 tak gir sakta hai, par unka anuman hai ki yeh correction zyada der nahi chalega.
Market Valuation aur Earnings Performance
Is time jo Q4 earnings season chal raha hai, woh stable dikh raha hai, lagbhag 46% companies ne expectations se acche earnings report kiye hain. Emkay Global ka positive market outlook current valuations se bhi support ho raha hai, jo long-term averages ke aas-paas hain. FY27 ke liye projected Nifty EPS of ₹1,230 ka matlab hai ki 29,000 target ke hisab se forward P/E lagbhag 18.7x hoga, jo Emkay ke 19.2x multiple forecast se match karta hai.