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Morgan Stanley goes underweight on technology as rupee weakness priced in stocks

Updated : September 18, 2018 06:38 AM IST

Business momentum for technology stocks has been strong but stocks have re-rated and recent outperformance probably prices in INR depreciation: MS
Parag Gupta and Gaurav Rateria of MS recently downgraded Infosys and Cyient to equal weight.
Morgan Stanley goes underweight on technology as rupee weakness priced in stocks

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