Morgan Stanley's Ridham Desai says Indian markets remain 'attractive', likes mid-caps
Morgan Stanley prefer cyclicals over defensives.
The themes we like include agriculture, manufacturing and early cycle rate plays, say Ridham Desai and Sheela Rathi
India’s stock market continues to remain attractive despite its outperformance over other emerging markets the past six months, says Morgan Stanley. But for this this outperformance to be sustained, "India needs to continue to deliver policy that lifts India’s potential growth in the eyes of market participants", say Ridham Desai, equity strategist, and Sheela Rathi, equity analyst, in a recent report.
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