# Citi raises Nifty target to 26,800 for June 2027

2026-08-18T07:06:30+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Citi has raised its Nifty 50 target to 26,800 for June 2027, up from a March 2027 target of 26,000, after better-than-expected Q1 earnings and a stable outlook for Indian equities. The brokerage remains constructive on Indian stocks and uses an 18x one-year forward price-to-earnings multiple to set the target, as reported by NDTV Profit and The Hindu BusinessLine. The brokerage is favouring financials, telecom, healthcare and utilities, while staying underweight on IT services, staples and metals. Citi said BSE100 EBITDA and PAT grew 6% and 9% year-on-year, respectively, well above preview estimates. Top-line growth excluding energy was 14% year-on-year and also ahead of expectations. Citi identified GST tailwinds, wage hikes and credit growth as positive drivers, but flagged AI productivity impact and elevated crude costs as key risks. Margin pressure persists across consumer, industrial and financial sectors, though FY27 and FY28 earnings estimates remain unchanged since July.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/axis-bank-financials-telecom-in-it-services-metals-stay-out-check-citis-new-bets-after-better-than-expected-q1-earnings-11923734#publisher=newsstand>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/citi-sets-june-2027-nifty-target-at-26800-remains-constructive-on-india-equities/article71359306.ece>

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-08-18T08:46:37+00:00.

Tags: Axis Bank, Citi, Nifty
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