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VISHAL MEHTA ARN NO :10617 MUMBAI, 10 Mar 2016

SENSEX EPS FOR FY 15 Has been around 1,350.Assuming EPS Growth of 5% for FY 16, 10% FOR FY 17 ,15% FOR FY 18 Following are SENSEX VALUTION WE get at P/E OF 15. YEAR EXP EPS SENSEX FY 16 1,420 21,300 FY 17 1,562 23,430 FY 18 1,796 26,940 ANY VALUATION ABOVE THAT WOULD BE A PURE FUNCTION OF HOPE AND LIQUIDITY.