New Delhi: Morgan Stanley India’s benchmark stock index expects SensexIn the base case, that means about 68,500 by the end of 2023, a 10 percent increase from their current levels.
It is assumed that there is no major increase in commodity prices – especially oil and fertilizers, steady domestic growth, US not hit by recession, and supportive government policies in India.
The global investment bank expects the benchmark index to trade at a trailing price-to-earnings (P/E) multiple of 20.5 times, compared to a 25-year average of 20 times.
In its report titled ‘Morgan Stanley’ said, “Premium above historical average reflects greater confidence in medium-term growth.”Bharat Equity Strategy Playbook: India’s Transformation and its Implications’, prepared by Ridham DesaiSheela Rathi, Nayant Parekh.
The equity market remains attractive despite relatively high valuations – largely due to strong earnings growth prospects and increased bidding from both domestic and foreign investors.
Currently the Sensex is trading at 62,629 points. This year so far and in the last one year it has grown by 2.4 per cent and 12.5 per cent respectively.
It is assumed that there is no major increase in commodity prices – especially oil and fertilizers, steady domestic growth, US not hit by recession, and supportive government policies in India.
The global investment bank expects the benchmark index to trade at a trailing price-to-earnings (P/E) multiple of 20.5 times, compared to a 25-year average of 20 times.
In its report titled ‘Morgan Stanley’ said, “Premium above historical average reflects greater confidence in medium-term growth.”Bharat Equity Strategy Playbook: India’s Transformation and its Implications’, prepared by Ridham DesaiSheela Rathi, Nayant Parekh.
The equity market remains attractive despite relatively high valuations – largely due to strong earnings growth prospects and increased bidding from both domestic and foreign investors.
Currently the Sensex is trading at 62,629 points. This year so far and in the last one year it has grown by 2.4 per cent and 12.5 per cent respectively.