• SENSEX
    NIFTY 50
Earnings

ICICI Direct cuts Sensex FY22 target to 33,500; downgrades earnings estimates

Updated : April 13, 2020 02:34 PM IST

ICICIdirect has downgraded Nifty earnings estimates to the tune of 4 percent for FY20E, 18 percent for FY21E and 13 percent for FY22E.
Valuations for the Nifty have corrected more than anticipated with the Nifty now trading at 13.3x P/E on FY22E numbers versus its one year forward average P/E multiple of 15x.
ICICI Direct cuts Sensex FY22 target to 33,500; downgrades earnings estimates

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