This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEAB411K_M.jpg
The bank’s projections hinge on the continuation of a stable government post-elections and anticipate a strategic shift away from the Reserve Bank of India’s current hold stance. This, combined with steady oil prices, underpins their bullish stance on the Indian equity market.
In alignment with this outlook, Morgan Stanley has adjusted its Focus List portfolio. The portfolio now includes Avenue Supermarts and Reliance Industries, replacing Titan Company and SBI Cards. Avenue Supermarts, known for its DMart chain of hyperstores, is implementing a grocery-first approach to drive growth. Meanwhile, Reliance Industries is on track to reduce its net debt by the end of FY24. The conglomerate plans to use operational cash flows to fund all investments while also reducing capital expenditure intensity.
These strategic moves reflect Morgan Stanley’s broader investment thesis that India’s market will not only remain resilient in the face of political events but also thrive due to solid corporate fundamentals and macroeconomic stability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
