 "Raamdeo Agrawal, Motilal Oswal")
If market experts are to be believed, this is just the beginning of a major bull-run for India’s stock market. Healthy growth in corporate profit for the next few years, coupled with favourable demographics can take the indices to stratospheric levels in the years ahead.
Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services (MOFSL) has said in a May 27 note that he expects the S&P BSE Sensex to hit the 200,000 mark in the next 10 years – up nearly 4 times (4x) from the current level of around 51,500 – and advises investors ‘not to bet against India.’
For the S&P BSE Sensex to achieve this monumental feat, Agrawal expects corporate profits to grow at
