Domestic brokerage Prabhudas Lilladher (PL Capital) has updated its Nifty target to 26,820 in its latest India Strategy Report. This target is based on a valuation of Nifty at 19 times its March 2026 EPS estimate of Rs 1,411, reflecting the index's 15-year average PE ratio. The previous target was 26,398. In a bull case, PL Capital sees a potential target of 28,564 with a PE of 20.2x.
