Inflation and the P/E

Take $\rho=7\%$ and $g_r=3\%$. Using Proposition 11.11, tabulate $P/D_1$ for $\lambda\in\{1,0.6,0.3\}$ and $\pi\in\{4\%,6\%\}$. Which Indian sectors plausibly have $\lambda<1$ in a crude shock, and which have $\lambda>1$?