Prabhudas Lilladher says Nifty could rise to 28,781; adds 4 stocks as high conviction picks

Prabhudas Lilladher Capital has hiked its 12-month Nifty target to 28,781, expecting sustained domestic outperformance driven by banks, autos, NBFCs, and metals. The brokerage added five high-conviction stocks, projecting 12% annual EPS growth and highlighting rising consumption, robust government capex, and lower interest rates as key growth catalysts.