Sensex@105,000 in 1 year? Morgan Stanley sees 30% probability
Morgan Stanley says Sensex can even hit the 105,000-mark in the next one year in the bull case scenario.
Morgan Stanley said there is a 30% probability of the Sensex hitting 105,000 by December 2025 while in the base case scenario it sees the index hitting 93,000-level.
“Our BSE Sensex target of 93,000 implies an upside potential of 14% to December 2025. This level suggests that the BSE Sensex would trade at a trailing P/E multiple of 23x, ahead of the 25-year average of 20x. The premium over the historical average reflects greater confidence in the medium-term growth cycle in India, India's lower beta, a higher terminal growth rate and a predictable policy environment," said Ridham Desai of Morgan Stanley.
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Morgan Stanley base case target for Sensex
In the base case scenario, the global brokerage firm has assumed a continuation of India's gains in macro stability via fiscal consolidation, increased private investment and a positive gap between real growth and real rates.
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