The base case scenario of Sensex hitting 74,000 mark has a 50% probability and suggests that the BSE Sensex will trade at a trailing P/E multiple of 24.7x, ahead of the 25-year average of 20x.
L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 crore
The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6