Major
analysts at Dalal Street see India in a multi-year bull market, which may push
the SENSEX level to much debated 100000 in the next 10 (Ten) years, supported
by earnings growth, economic revival & reform push by the new central
government.
The
benchmark index SENSEX has managed to rally 420% or a little over 21500 in the
last 10 years. But can it triply from here in the next 10 years? That remains
to be seen. However, analysts are not giving up hopes just yet.
 |
| Navneet Munot, CIO, SBI Mutual Funds |
Mr.
Navneet Munot, CIO, SBI Mutual Funds. "India has a long way to go. The
ingredients for a sustained bull market are very much in place & there is a
good amount of visibility that we will at least go back to the long range
profit growth of 14% to 15%. Considering the fact that valuations are reasonable
and if India Inc can deliver growth of about 15% per annum, which is not an
unreasonable expectation over a long period, the SENSEX can hit 100000 in Ten
years"
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