Though BSE Sensex continues to hit record highs, a recovery in corporate earnings remains elusive and the steady downward revision in earnings per share continues. Graphic: MintMumbai: Though Indian markets continue to touch record highs, a recovery in corporate earnings remains elusive. The Sensex is trading at 20.15 times estimated earnings for the current fiscal year. However, there are structural issues which are causes for delay in corporate earnings growth,” said Sanjeev Zarbade, vice-president of private client group research at Kotak Securities. In comparison to the Sensex’s high price-earnings multiple, MSCI Emerging Markets Index trades at 12.87 times times.

Source: Mint August 06, 2017 19:41 UTC