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Earnings estimates downgraded

Earnings estimates downgraded
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First Published: Mon, Jun 06 2011. 10 06 PM IST
Updated: Mon, Jun 06 2011. 10 06 PM IST
The chart shows that estimates of earnings per share of the companies that comprise the Sensex have been steadily revised downwards over the past year and a half. Interestingly, the downward revision means that, for the Sensex at 18,000, the fiscal 2012 (FY12) price-earnings multiple was 13.8 in December 2009, while it is now 15.
Also see | Earnings estimates downgraded (PDF)
Graphic by Ahmed Raza Khan/Mint
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First Published: Mon, Jun 06 2011. 10 06 PM IST