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Nifty target 8700 to 10500 based on PE ratio |
Ruchirgupta2000
White Belt
Joined: 12 Jun 2014
Posts: 297
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Post: #1  Posted: Sat Jun 21, 2014 11:16 pm Post subject: Nifty target 8700 to 10500 based on PE ratio |
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| Hi all nifty could go to 8700 minimum in the coming months and if the coming quarter ( June 2014 ending) results are taken into account the targets could be even higher. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #2 Posted: Sun Jun 22, 2014 10:59 am Post subject: Re: Nifty target 8700 to 10500 based on PE ratio |
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| Ruchirgupta2000 wrote: | | Hi all nifty could go to 8700 minimum in the coming months and if the coming quarter ( June 2014 ending) results are taken into account the targets could be even higher. |
ruchir, prediction of future level of nifty is normally not done based on present PE but forward PE, which is currently about 16. Nifty normally tops out anywhere between 20 and 25 forward PE (normally about 22-23) depending upon how mature or otherwise the market is. Our market was very immature in 2007-08 being the first such rally. Your likely levels, however, are fine considering that 20 to 23 gives another 25-45% upside. |
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Ruchirgupta2000
White Belt
Joined: 12 Jun 2014
Posts: 297
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| Post: #3 Posted: Sun Jun 22, 2014 8:59 pm Post subject: |
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| Thanks Vinay for your valuabe comments. |
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