Tuesday, May 3, 2011

Where will Sensex EPS be after FY11 results?

Following table shows the list of companies that have already announced their FY11 results along with their weightage in Sensex as of May 3, 2011.

ICICI Bank8.29
HDFC Bank5.61
Jindal Steel1.8

In total, 46.07% of the companies have announced their results so far and the Sensex value and P/E stands at 18534.69 and 19.87 respectively resulting into an EPS of 932.8. This compares with Sensex EPS of 828.5 on May 27, 2010. Thus, the Sensex EPS has increased by 12.6% over the last one year with 54% of the results still pending to be released, this at a time when the nominal economy is growing at a rate of 20%+ with 8% real GDP and 12% inflation. Not a pretty picture!!!

Image: jscreationzs / FreeDigitalPhotos.net
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