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Sensex at 57K in 3 years, possible?

Biral MF expects Sensex to reach 57K in next 3 years, expects robust growth in Sensex 30 companies. One important reason behind this target is “Make in India” initiative which will attract a lot for FDI.

Birla MF expects these companies EPS to grow at 20% CAGR. The worst case target estimated by them is 41,200 where they expect the growth of these companies to be at 15% CAGR. The fund house believes cyclical sectors such as automobiles, banks, media and consumer goods will benefit the most followed by information technology and pharma. Infra and Mfg sectors will get a boost post rate cut. [source]

In 2014 Sensex gave 30% returns. Markets saw a boost when BJP government came into power – in full majority.

Sensex in 2014

Which sector are your betting on for 2015 and whats your Sensex 2015 target?

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