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Broader market to participate in rally; Nifty valued at 13,350: ICICI Direct

Updated : November 18, 2020 01:49 PM IST

ICICI Direct now values Nifty at 13,350 i.e. 20x P/E on FY22E23E average EPS of Rs 668 with corresponding Sensex target at 45,500.
Going forward, ICICI Direct expects Nifty earnings to grow at 17.5% CAGR in FY20-23E.
Broader market to participate in rally; Nifty valued at 13,350: ICICI Direct

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