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