This may not be a tall task, as it implies a compounded annual return of 12.47 per cent over the next four years. The Sensex has delivered compounded annual returns of 12.3 per cent and 12.2 per cent in the past 5 and 10 years, respectively.
Wood believes India remains the best structural story across world markets. "With the structural story still intact, GREED & fear continues to take the view that it will only be a matter of time before the Sensex reaches the 100,000 level, a target of fascination to India's delightfully noisy financial media. This target, on a five-year view, now assumes trend 15 per cent earnings per share (EPS) growth and that a five-year average one-year forward price-earnings (PE) multiple of 19.8x is maintained," Wood wrote in his weekly note to investors, GREED & fear.
Diese Geschichte stammt aus der May 27, 2023-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 27, 2023-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Brokerages bullish on ITC's long-term growth
Despite a subdued performance in the March quarter (Q4FY24), brokerages remain optimistic about the long-term growth prospects of ITC.
InterGlobe Aviation hit an air pocket in Q4
The civil aviation market has become more or less a duopoly with leader Indigo InterGlobe Aviation-reporting strong Ebitda growth of 45 per cent yearon-year (Y-o-Y) to ₹3,980 crore in the January-March quarter (Q4) of FY24, with PAT rising more than two times to 1,890 crore.
Vishares jump 7.5% on UBS upgrade
A'likely' relief on the government dues front for Vodafone Idea (VIL) and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report.
Come June 24, Adani Ports to replace Wipro in Sensex
Nifty ends flat after Adani Ports and Special Economic Zone (SEZ) hitting 23,000 mark will replace Wipro in the benchmark 30-share Sensex, index tracker Asia Index said in a notification on Friday.
GQG, Qatar Investment and IHC make hefty gains on Adani bets
The resurgence in Adani group stocks over the past year has resulted in substantial gains for their investors, including US-based GQG Partners, the Qatar Investment Authority, and Abu Dhabi's International Holding Company.
Size matters when it comes to MF voting patterns
Asset managers are speaking up more than before
Chennai on front foot ahead of IPL final
Hotel, flight bookings have increased by 15%
A naturalist's discovery of India
This exploration of India's wild heritage by author, academic and naturalist Stephen Alter is not a journey through the country's few remaining wild areas.
INDIAN SPICES IN GLOBAL PICKLE
There are many regulators in the sector, but none regulates the entire supply chain from farm to market. Is the matter falling between stools?
Global minimum tax deal on multinationals may fail
US, India, China have reservations over the terms of the deal: Italy economy minister