ICICI-Direct has predicted that the Sensex earnings will grow at 13.2% and 18.5% in FY16E and FY17E to Rs. 1539 and Rs. 1838, respectively. It has assigned a P/E multiple of 16.5x on FY17E EPS to arrive at a fair value of 30300 by September 2016 with the Nifty reaching 9200. Nine Top stock picks have been recommended
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