JP Morgan, Maquire see 30K nifty level by end-2026JP Morgan has raised the base case for the nifty target to 30,000 points for end-2026. Analysts feel with supportive fiscal and monetary policies, recovering domestic demand and broad-based sectoral growth, corporate earnings are set to rebound. They feel India’s valuations remain at a premium, but the gap with emerging markets has compressed to below the long-term average. A resolution in the US-India trade relations could trigger a re-rating in the near term. Macquarie, another large foreign broking house in India believes that the balance of risk has tilted favourably with nifty more likely to end 2026 closer to 30K than 20K levels. Analysts feel in 2026, India would come out of hibernation. Hence, from a cautious view on the India equity markets for 2025, they are now turning more optimistic on the top-down outlook for 2026. They see India’s outperformance would be driven by a revival in earnings growth premium, recovery in consumer spends, and resumption of foreign flows.Jefferies has a buy rating on PB Fintech with the target price at Rs 2,100. Analysts said that the company indicated that premium growth would continue to sustain around 30%. In addition, despite recent GST changes, the company expects take rates to stay stable through initiatives like higher riders, protection attachment, duration and mix change. They think that premium growth and operating leverage will drive strong profits and cash flows. They also said that PB Fintech’s hospital network initiative is in its early stages.HSBC has upgraded Bayer Corp’s rating to buy with the target price at Rs 5,200. Analysts expect an improved performance in the Oct-March half (H2FY26) with better industry dynamics and opportunities in the corn seeds business. They feel that the new product launches would support growth and fine tuning of the distribution and sourcing strategies to drive margin recovery. They upgraded the stock as they feel that the worst appears to be behind it.Goldman Sachs has a buy rating on Tata Consumer Products with the target price at Rs 1,350. Analysts feel the company is well positioned in growth categories and growth channels. Its salt business has headroom for growth driven by market share gain and premiumisation. It has also chalked out a range of initiatives for its ‘Growth’ segments. Analysts feel that the near term margins are improving from lower input costs, while the medium term aspirations are for a 17%-20% margin.ICICI Securities has a buy rating on Travel Food Services with the target price at Rs 1,600. Analysts feel the company’s structural growth story is gaining altitude. It has a superior execution strategy to further consolidate TFS’ leading position in travel QSR and lounge business. They expect its scale to improve its ability to win future concessions at other airports.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)