Jefferies has set a December 2026 target of 28,300 for the Nifty 50, implying an upside of about 10% from current levels.
The brokerage firm is overweight on lenders, autos, cement, hospitality, telecom, and property, while underweight on staples, IT, industrials, and pharma. Its top stock picks include Axis Bank, Bharti Airtel, Cholamandalam, TVS Motors, Mahindra & Mahindra, Ambuja Cements, Lodha Group/GPL, Max Healthcare, JSW Energy, and GMR Infrastructure.
