What is the SENSEX Earnings for FY 2017 and FY 2018 ?
Reported SENSEX Earnings for FY 2016 is flat YoY at Rs 1350.
Consensus Estimates for FY 2017 is Rs 1,550
Consensus Estimates for FY 2018 is Rs 1,841
Growth for FY 17 and FY 18 is expected at 18. So applying the same P/E we must see SENSEX at 33,000 in the next 14 Months.
