#Nifty EPS (Dec’19) = 563. Nifty was trading around 12000 (21x TTM PE) in Feb 20. After corona, it crashed to 7500. Assuming similar PE, market factored in 30%-40% EPS contraction for Dec’20. In reality, EPS contracted only 14% (Dec’20 EPS = 483)
Today if another corona wave
Today if another corona wave
comes, we are much better prepared, lesser uncertainty and India is best placed among all the geographies. Last time, world assumed India would collapse given the size and population, but we did far better..
Nifty earnings have improved significantly in last year and
Nifty earnings have improved significantly in last year and
it gained momentum in last two qtrs where qtr eps is around 200... Dec 21 EPS estimate is 750
Even in worst case, IT, pharma (20% weight) will support earnings.. So Dec 22 EPS cannot be less than 850..
In best case, PE could be 25 & worse case 20.. So Nifty to remain between
Even in worst case, IT, pharma (20% weight) will support earnings.. So Dec 22 EPS cannot be less than 850..
In best case, PE could be 25 & worse case 20.. So Nifty to remain between
17000 - 21500 but there's upside risk to both earnings and PE..
Even in the worst case scenario I don't see Nifty going below 15000 in the current correction (15000 is extreme, my view is it can make bottom much before that)
Even in the worst case scenario I don't see Nifty going below 15000 in the current correction (15000 is extreme, my view is it can make bottom much before that)
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