ICICIdirect.com has come out with its market strategy report for 2015. "Factoring in the fall in inflation, comfortable CAD, improved sentiments and pick-up in GDP growth, we expect the Sensex EPS to grow at a CAGR of 17% over FY14-17E", says the research firm.
Angel Broking expects the Sensex EPS to post a growth of 9.6 percent for FY2014 and a healthier 15.4 percent for FY2015. Attributing a 15x multiple to Sensex EPS (in line with the 5-year average), Angel has arrived at a target of 22,600 for the Sensex, implying an upside of 8.8 percent from the present levels.
Sensex EPS should go down from current levels in FY14. FY12 saw the Sensex EPS being downgraded nearly 9-9.5 percent over FY11. FY13 was where the EPS was downgraded just about 1 percent from the beginning of the year and this year already there has been a 10 percent drop.
According to BofA-ML, after two quarters of 'near-zero' growth aggregate headline profit for Sensex companies, it is expected to show a weak recovery.
Angel Broking has come out with its report on earnings performance for 3QFY2013. According to the research firm, the Sensex EPS is expected to report a moderate 6.3% growth to Rs 1,195 in FY2013 and a more robust 16.1% growth to Rs 1,387 in FY2014.
Angel Broking has come out with its earnings snapshot for Q1 FY2013. According to the research firm, the Sensex EPS is expected to improve at a CAGR of 9.4% over FY2012-14E. The outlook for economic growth improving in FY2014 rests on catalysts such as easing inflation and interest rates, corrective fiscal consolidation measures.
Jesal Shah, head of research, JM Financial recommends Infosys and TCS from the IT space and says that he is positive on the sector now.
K Ramanathan, chief investment officer of ING Investment Management India joins CNBC-TV18 to tell what he has made of both the earnings season as well as the trends in the market.
Rajat Rajgarhia, Head of Research, Motilal Oswal Securities joins CNBC-TV18 to give his outlook of the market and read into the earnings season that has begun with a decelartion in Sensex EPS.