CLSA believes that the Sensex, which is trading at a PE multiple of 13.5 times, could deliver over 15 per cent returns in the next one year. According to the foreign brokerage’s market return analysis for the last 10 year s, the Sensex has delivered 15 per cent returns in a year from a 14-16 times PE range in nearly 2/3rd of the times (Click on graphic)
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