• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Friday, May 27, 2022
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Sensex at 200,000 by 2030: Raamdeo Agrawal tells how you can benefit from this multi-year bull run

by The Outlooker Web Desk
May 31, 2021
in Business
0
Sensex at 200,000 by 2030: Raamdeo Agrawal tells how you can benefit from this multi-year bull run
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

The 200,000 target for Sensex in 10 years is nearly four times the current 51,000 levels of the index.
(Image: REUTERS)

Dalal Street’s current rally might be just the beginning of a multi-year massive-bull run, which could take the S&P BSE Sensex to 200,000 points in the next 10 years, said Raamdeo Agrawal, Chairman and Co-founder, Motilal Oswal Financial Services. The stock market veteran added that India has seen steady economic growth over the last few years and key indicators such as democracy, demography, digitisation, dollar reserves, and a stable government are already favourable towards India. The 200,000 target for Sensex in 10 years is nearly four times the current 51,000 levels of the index. Quick calculation shows that this is about 15% CAGR.

What would help Sensex?

Strong economy to aid index: Raamdeo Agrawal has listed down a series of factors that he believes will aid India going ahead. The primary catalyst to reach the 200,000 mark is seen to be a strong economy that sees 12-13% nominal GDP growth. He pegs the real growth to be in the range of 7-8% and inflation around 4-5%.  “Trebling of per capita GDP implies 10x opportunity in discretionary & 4x opportunity in savings & investment services,” Raamdeo Agrawal said.

Corporate profits expected to surge: For Sensex to scale 2,00,000, Raamdeo Agrawal expects corporate profit growth to be slightly higher than GDP growth. He estimates that corporate profits will grow at 15% CAGR.

Market growth in line: Dalal Street is expected to move in line with growth in corporate profits. This implies a 15% CAGR, taking Sensex up 4 times in the next decade.

Democracy, Demography: India’s strong democracy and well established federal structure are also seen as enablers in this expected growth. To add to that, India’s youth dominated population is expected to move into the upper-middle-class category by 2030.

Sectors to watch out

In terms of trades that could be favoured over the next decade, complimenting Sensex growth, Raamdeo Agrawal is betting on value migration and open-up plays. Among the top bets is the Information Technology sector. The report says that India has a global competitive advantage in the sector and a long digitalization runway ahead. The IT sector has a 27% share in India Inc’s net profits and a 12.4% share in market capitalization. 

Further, the expected move away from public sector banks to private sector lenders has made the latter another bet favoured by Raamdeo Agrawal. The private life insurance sector is another beneficiary of the same public to private migration. Among other sectors that Raamdeo Agrawal lists include autos, consumer durables, paints, and selective industrials.

(The stock recommendations in this story are by the respective research and brokerage firms. The Outlooker Online does not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Rujuta Diwekars Injurious To Health List See Here

Rujuta Diwekars Injurious To Health List See Here

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

India Slams Islamic Nations’ Group OIC On Yasin Malik Remarks
National

India Slams Islamic Nations’ Group OIC On Yasin Malik Remarks

May 27, 2022
Sebi tweaks SOP in case of defaults by trading, clearing members
Business

Sebi tweaks SOP in case of defaults by trading, clearing members

May 27, 2022
India Monsoons, Southwest Monsoon, Weather Office Monsoon: Monsoon Likely To Reach Kerala In Next 2-3 Days: Weather Office
National

India Monsoons, Southwest Monsoon, Weather Office Monsoon: Monsoon Likely To Reach Kerala In Next 2-3 Days: Weather Office

May 27, 2022
Impact of war in Ukraine: More Russian oil than ever before is heading towards India and China
Business

Impact of war in Ukraine: More Russian oil than ever before is heading towards India and China

May 27, 2022

Connect with us

No Result
View All Result

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • India Slams Islamic Nations’ Group OIC On Yasin Malik Remarks
  • Sebi tweaks SOP in case of defaults by trading, clearing members
  • India Monsoons, Southwest Monsoon, Weather Office Monsoon: Monsoon Likely To Reach Kerala In Next 2-3 Days: Weather Office

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.