Morgan Stanley lists out 12 factors impacting Indian market and 20 stocks that are in focus
Updated : July 17, 2018 08:05 PM IST
The global investment bank prefers largecaps over midcaps. On the sectoral front, it likes banks (private corporate and retail), discretionary consumption, industrials and domestic materials, and advise investors to avoid healthcare, staples, utilities, global materials and energy.
The global investment bank in its base case scenario (with 50% probability) expects the S&P BSE Sensex to trade at 36,000 by June 2019 which is under 16x one-year forward P/E, and below historical averages.
Under the scenario, the earnings growth will be 5% (year-on-year) in FY18, 23% year-on-year in FY19 and 24% year-on-year in FY20.
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