23/4/2025, 1:37:03 pm

ICICI Securities predicts Nifty bull case target at 28,100 by March 2026

ICICI Securities views Indian equities as reasonably valued at 20x forward PE, with a Nifty50 base case target of 26,000 (8% upside) and a bull case of 28,100 (17% upside). They highlight domestic demand and manufacturing export potential amid US tariff shifts, benefiting sectors like chemicals and textiles. Top picks include Axis Bank, Maruti Suzuki, and Tata Steel.