The Economic Times

Indian stocks enjoy a rare combination, makes a case for re-rating: Morgan Stanley's Ridham Desai

Morgan Stanley sees Indian equities entering a rare phase that supports a valuation re-rating, driven by policy stimulus, improving earnings, weak foreign positioning and attractive relative valuations. With macro stability improving and growth accelerating, the firm forecasts meaningful upside for the Sensex through 2026 under its base and bull case scenarios.