Author Topic: CLSA SENSEX Target 29000  (Read 1770 times)

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komal

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CLSA SENSEX Target 29000
« on: January 06, 2016, 11:25:49 AM »
CLSA has set BSE SENSEX Target at 29000 for Dec-2016 with the following note,

Domestic flows continue to be key driver for the market. We expect US$15bn annual inflows from DIIs. A potential pull out by oil money is a risk to FII flows. This could be a significant pressure point given a large equity pipeline for 2016. Overall market and stock valuations are close to 10-year averages and appear attractive given that they reflect cycle-low earnings. Our December 2016 Sensex target is 29,000, implying 12% upside