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JPMorgan sees volume-led consumer staples recovery as ITC weighs on Nifty
JP Morgan retained its 27,000 Nifty target, citing stronger domestic earnings, capex and consumption. ITC was among heavyweight drags, while the brokerage expects a volume-led consumer-staples recovery, supported by rural demand, GST relief and monsoon performance.
Reported figures
From the report. Source details below
| Bull-case Nifty target: | 30,000 |
|---|---|
| Bear-case Nifty target: | 20,500 |
| MSCI India Q1 revenue growth: | 19% YoY |
| MSCI India Q1 PAT growth: | 16% YoY |
| Nifty 50 Q1 revenue growth: | 20% YoY |
| Nifty 50 Q1 PAT growth: | 12% YoY |
| MSCI India CY26 earnings growth estimate: | 11% |
| MSCI India CY27 earnings growth estimate: | 13% |
| Current peak power demand: | about 271GW |
Also in the report
- Data centres, AI and EVs could add about 30GW to peak demand
The source
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