The Most Attractive Market: Morgan Stanley's India Story

Morgan Stanley sees India as the most desirable market, with a recovery of lost ground to be expected up to 2025. The company believes there is a "stock picker's market" developing, with valuations at their best since the COVID-19 crisis. Relative earnings growth in India is enhancing, and RBI's policy turn and robust government budget have gone unnoticed by the market. Morgan Stanley prefers cyclicals to defensives, with overweight in financials, consumer discretionary, industrials, and technology. They forecast the Sensex may touch 105,000 by December 2025, led by structural growth drivers.

 

Source: Financial Express, Moneycontrol, Times of India