Morgan Stanley Boosts Confidence: 'Overweight' Ratings on 10 stocks including Reliance, HAL, ICICI Bank

Morgan Stanley has given an ‘overweight’ rating on Reliance Industries and Hindustan Aeronautics Limited, ICICI Bank alongside other eight key stocks, indicating that they are optimistic about the forward economic indicators of the country. The firm believes that India will be one of the best-performing emerging markets in 2025 on account of high earnings growth and macroeconomic health. Other companies on the list include Maruti Suzuki, SBI Life Insurance, Larsen and Toubro, UltraTech Cement, Trent, Brainbees Solutions and Infosys. Morgan Stanley’s report highlights the BSE Sensex’s potential to gain up to 18%, thanks to increased infrastructure investment and supportive switches in the government policies.

 

Source: Tribune India