India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => Sensex and Nifty Company Analysis => Topic started by: resh on November 03, 2022, 12:29:57 PM
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Anjali Verma of Philip Capital has the following View
Nifty is currently trading at 19x-19.5x FY24 EPS of Rs 950-920; we have been estimating FY24 EPS in the range of Rs 930-950 since March 2022 when consensus was Rs 1050. Currently, we retain our neutral stance on Indian equities; downside risk will open as global monetary tightening continues, triggering global growth/earnings slowdown. In case global slowdown is avoided, India equities will trend higher.
Gautam Duggad of Motilal Oswal said,
Nifty EPS for FY23E has been increased by 0.5% to INR821 (from INR817 earlier) driven by Axis Bank, Sun Pharma, HCL Tech and ICICI Bank. FY24E EPS was also raised by 0.4% to INR989 (from INR984 earlier)
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Kotak Institutional Equities Expect Nifty EPS as under
FY 23 Rs 806
FY 24 Rs 923
FY 25 Rs 1,074
Axis Securities Expect Nifty EPS as under
FY 23 Rs 817
FY 24 Rs 930
FY 25 Rs 1,049
ICICI Direct Research Expects Nifty EPS as under
FY 23 Rs 800
FY 24 Rs 950
FY 25 Rs 1,080
If US Markets Trade at a P/E of 20 Yield as on the date of writing this post https://www.wsj.com/market-data/stocks/peyields
Indian NIFTY should also trade at 20 12 months Forward P/E.