Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

One of the major factors, driving optimism in the market, is the recovery in earnings growth along with the implementation of government reforms in Asia’s third largest economy which is growing at 7 percent rate, faster than most developed and EM economies.   When Sensex hit 20,000 back in 2007, the Street was anticipating a number of 30K on the index in a hurry, but nobody was aware of the global financial crisis that would hit equity market the very next year, which would take the index towards 10K in 2008,…

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