Height of Optimism: Sensex at 30,000 | Indian Stocks to Make You a Millionaire

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Height of Optimism: Sensex at 30,000

Posted By On 10:33 PM Under

1. If this report is to be believed than one need not be gloomy as Edward Pulling of JP Morgan Asset Management sees Sensex at 30000 levels with in nex 3-4 years.

2. He is further optimist that low in Indian market has been seen and may not be revisisted again. However he is not positive on Indian real estate due to lack of transparency.

3. The optimism stems from the fact that he sees Sensex EPS of Rs 2000 between March-September 2013 and thus Sensex is likely to trade at a multiple of 15. He feels that March 2009 Sensex EPS would be seen at Rs 850 and March 2010 at Rs 850-900.
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