'Our fair price on Nifty50 is around 28,000 over the next 12 months'

The market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26, according to Equentis Wealth Advisory Services

Corporate results for the March 2025 quarter have not disappointed. JASPREET SINGH ARORA, chief investment officer at Equentis Wealth Advisory Services, tells Sai Aravindh in an email interview that the market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26 despite multiple earnings downgrades over recent quarters. Edited excerpts: 

Did the fourth-quarter earnings meet your expectations? What is your outlook for the financial year 2026?

India Inc's Q4 FY25 earnings have been largely mixed. Around 50 per cent of Nifty50 companies exceeded street expectations, nearly 30 per cent missed estimates, and the remainder delivered neutral