SignalIndia
Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589
PL Capital rules out V-shaped recovery, sees more market falls, Nifty target 27,589.
Context
What happened: PL Capital ruled out a quick V-shaped recovery for the Nifty after its eight-week losing streak, and said markets can fall further.
Key numbers: Nifty 12-month target at 27,589.
Why it matters: The brokerage trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
What changed
PL Capital ruled out a quick V-shaped recovery for the Nifty after its eight-week losing streak, and said markets can fall further.
Why it matters
The brokerage trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.
← Dashboard
Oct 13, 2026 12:28 PM ET