Raamdeo AgrawalDirector and Co-Founder, Motilal Oswal Financial Services Said,
It is a good time to build a portfolio with bluechips trading at 10-12 times price to earnings. At 10-11-12 P/E multiple for the broader market and more like 8-10-12 times for individual companies are times to build your portfolio with bluechips. FY10 Sensex EPS at Rs 880-900. "There have been no downgrades yet. I think FY10 earnings are likely to be in line with FY09."
He surprised by the robust demand in cement companies and said he will remain invested.
His sense is that, One big event which the market is seeing is the installation of a new government. Around that time, we should see whether the market will peak out at 11,000-12,000-13,000. So, one round of rally probably will be over. But a lot depends on behaviour of foreign Institutional Investors nowadays. We also have to have an eye on what’s happening in terms of broader trend.
source: MC
He surprised by the robust demand in cement companies and said he will remain invested.
His sense is that, One big event which the market is seeing is the installation of a new government. Around that time, we should see whether the market will peak out at 11,000-12,000-13,000. So, one round of rally probably will be over. But a lot depends on behaviour of foreign Institutional Investors nowadays. We also have to have an eye on what’s happening in terms of broader trend.
source: MC
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