When will Sensex hit 1-lakh magic figure? Here’s some back-of-the-envelope calculations
Earlier this year, Jefferies’ global head of equity strategy Christopher Wood had said that a target of Sensex at 1 lakh is eminently achievable by FY27 and now Dalal Street’s veteran fund manager Hiren Ved has said it is possible even earlier by 2025
Axis Bank, IndusInd Bank could rally up to 26% in next 1 year
While any material change in the demand environment needs to be monitored, given the challenging macro environment, we expect systemic credit to grow ~13%/14% YoY in FY23/FY24, respectively