InvestorQ : Is it true that Morgan Stanley is now recommending stocks like Sun Pharma, Apollo Hospitals and Lupin? Why is Morgan reducing bank stocks?
Rutuja Nigam made post

Is it true that Morgan Stanley is now recommending stocks like Sun Pharma, Apollo Hospitals and Lupin? Why is Morgan reducing bank stocks?

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Arti Chavan answered.
2 years ago
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Morgan Stanley has highlighted that next bull rally in India could be driven by a different set of sectors. Morgan has opted to reduce financials and increase pharma stocks. They are expecting a rise in per capita income to increase consumers’ share of spending on health and other non-food goods and services, which should make these industries grow faster than the economy. According to Morgan Stanley, consumer discretionary and pharma should grow much faster than banking and consumer staples. Morgan has lowered its view on India consumer staples to underweight and financials to neutral. It recommends overweight positions in consumer discretionary and health-care. In terms of specific stocks, Morgan has added Sun Pharma, Apollo Hospitals and Lupin.

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