Emkay Sets Nifty Target of 27,000 by September 2027 Despite Market Correction

Emkay Global Financial Services projected the Nifty 50 could rally 20% to reach 27,000 by September 2027, trading at a valuation of 18.8 times one-year forward earnings.

The Nifty 50 climbed 1.3% to 22,520.45, snapping an eight-week losing streak, supported by strong IT earnings contributions from Tata Consultancy Services.

Emkay estimated that companies under its coverage will report 24.8% year-on-year revenue growth and 21.5% adjusted profit growth in the September quarter.