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‘Domestic demand revival spurs earnings upgrades; Nifty poised for 29K-level ahead’
Millennium Post Delhi
|Delhi 27 November 2025
Report pegs 12-month Nifty target at 29,094 with a bull-case valuation of 30,548
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MUMBAI/KOLKATA: India appears to be entering a “long-awaited earnings upgrade cycle, driven by resilient corporate performance, strong festive demand, supportive policy actions, and an improving macroeconomic environment’, a report said on Wednesday.
Financial services organisation PL Capital, in its latest India Strategy Report titled “Earnings upgrade cycle might begin’, said: “After five consecutive quarters of downward revisions, Nifty earnings have finally reversed course, showing upgrades of 0.7%, 0.9% and 1.3% for FY26, FY27 and FY28 respectively. This marks a significant shift in sentiment and establishes early but clear signals of a broad-based revival in corporate profitability”
This story is from the Delhi 27 November 2025 edition of Millennium Post Delhi.
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