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Sensex Target in 5 Years

Sensex will hit 1 lakh mark in 5 years.

sensex target

Chris Wood of global brokerage firm Jefferies has said that it will only be a matter of time before Sensex reaches the 100,000 level.

He assumes 15% EPS growth trend and a five-year average one-year forward PE multiple of 19.8x.

He also cited confidence in saying, like all long-term bull markets, the Indian stock market will continue to climb the proverbial wall of worry. 

Nifty's one-year forward PE at 18x is only slightly above the 10-year average of 17.4x, while the Nifty PE premium to Asia ex-Japan at 42% is also near the 10-year average of 38%.

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