Will Sensex cross 82000 points? Moody’s estimates on economy and market


The stock market is making new records every day. Sensex is at the level of 77000 points while Nifty has also reached near 23500 points. Amidst this environment, international rating agency Moody’s has estimated that the Sensex may rise by 14 percent in the next 12 months. The Moody’s report said that the market boom was already anticipated due to the return of NDA to power. We believe the government can continue to focus on macro stability i.e. inflation. The report further said that the market expects more structural reforms in the coming days.

The report said companies will outperform with earnings growth forecast to 2025-26 500 basis points above consensus. “Our 12-month BSE Sensex target is 82,000, indicating an upside of 14 per cent.”

Expectations of structural reforms

Now with continuity from the government, we believe the market can expect further structural reforms, the report said. Moody’s said India’s stock market is making new highs and the debate now is on how to take the market materially higher. According to the report, there will be much more in the way of positive structural changes in the 5 years that Modi 3.0 comes to power.

What to focus on in the budget

The Moody’s report also talks about the different actions that investors expect from the government, including the upcoming Budget in July. According to this, the increase in potential infra expenditure may reduce logistics costs. At the same time, select manufacturing like defence, electronics, aerospace, food processing, renewable energy and large-scale housing can get a boost. Moody’s says we believe this will be India’s longest and strongest bull market ever. Maintain investment.



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