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  • Morgan Stanley cuts Sensex year-end target to 82,000 amid global uncertainties, turns 'capitalization-agnostic'

    While reiterating the bullish view on India, Morgan Stanley India's Ridham Desai in the note cited factors that have helped India outperform in a period of global selloff, though the risk of testing 'multi-month low' remains, he added.

  • India will outperform the global bear market, retail won't give up: Morgan Stanley's Ridham Desai

    India will outperform the global bear market, retail won't give up: Morgan Stanley's Ridham Desai

    Morgan Stanley India's Ridham Desai has said that Indian equities are looking 'attractive', adding that the small and midcaps have now come out of their valuation excesses after a fall of over 20 percent from recent highs.

  • Morgan Stanley's Ridham Desai explains why global fund managers are underweight on India

    Morgan Stanley's Ridham Desai explains why global fund managers are underweight on India

    Although India's sensitivity to oil prices has decreased, a sudden significant increase in oil prices could still cause near-term pain, said Desai.

  • Ridham Desai optimistic over NDA's coalition govt, sees macro stability and policy continuity as key focus

    Ridham Desai optimistic over NDA's coalition govt, sees macro stability and policy continuity as key focus

    Desai sees fiscal consolidation accelerating under Modi 3.0, with the government's primary focus being macro stability and policy continuity.

  • Modi 3.0 govt to focus on macro stability, policy continuity, FIIs to return in 6 months: Morgan Stanley's Ridham Desai

    Modi 3.0 govt to focus on macro stability, policy continuity, FIIs to return in 6 months: Morgan Stanley's Ridham Desai

    When it comes to areas to bet on in the Indian market, Desai picked up domestic cyclicals like private banks, consumption and industrial names.

  • Moneycontrol Selects: Top stories this morning

    Moneycontrol Selects: Top stories this morning

    Our specially curated package of the top stories to help you stay well-informed.

  • Morgan Stanley's Ridham Desai highlights 10 positive changes in India in the past decade

    Morgan Stanley's Ridham Desai highlights 10 positive changes in India in the past decade

    Desai underscored the significant progress India has made on the international front, resulting in favorable outcomes for both the broader macroeconomic environment and the outlook for the market.

  • India is behaving like a large-cap stock in the Nifty: Ridham Desai of Morgan Stanley

    India is behaving like a large-cap stock in the Nifty: Ridham Desai of Morgan Stanley

    'India’s correlation with oil has been broken down in last eight years. Indian markets are not behaving badly, even though the US is facing a possible recession'

  • Morgan Stanley’s Ridham Desai: Retail ‘dramatically’ underweight on stocks

    Morgan Stanley’s Ridham Desai: Retail ‘dramatically’ underweight on stocks

    Despite a record rise in trading by retail investors over the past eight years, Indian households remain “dramatically” underweight in the asset class, with stocks comprising only 5%-6% share of their wealth, said Ridham Desai, managing director at Morgan Stanley India Company Pvt. Ltd.

  • Morgan Stanley’s contrarian calls: Overweight on domestic cyclicals, technology and financials

    Morgan Stanley’s contrarian calls: Overweight on domestic cyclicals, technology and financials

    The chosen sectors are at variance with bets by foreign portfolio investors and domestic institutional investors.

  • There are risks but we are in midst of a bull market, says Ridham Desai of Morgan Stanley India

    There are risks but we are in midst of a bull market, says Ridham Desai of Morgan Stanley India

    There are definitely risks on the horizon but the underlying trend remains bullish, says Desai. The vaccine programme as well as the mini-lockdown measures imposed in Maharashtra have helped to bring down cases.

  • Weekly dossier: Ridham Desai, Neelkanth Mishra, Raamdeo Agrawal and others on markets, economy, art of investing

    Weekly dossier: Ridham Desai, Neelkanth Mishra, Raamdeo Agrawal and others on markets, economy, art of investing

    "India’s financial system is not out of the woods yet. Banks are raising capital which is not at the top of the cycle. If banks don’t lend more, that will almost force borrowers to default," said Ridham Desai.

  • A ferocious bull market awaits, market leadership to see major shift: Ridham Desai

    A ferocious bull market awaits, market leadership to see major shift: Ridham Desai

    Desai pointed out that COVID-19 has evinced a very strong fiscal and monetary response the world over and it is quite unprecedented as the world has never seen such a response.

  • MSCI re balancing: Morgan Stanley says 26 stocks to benefit from the rejig

    MSCI re balancing: Morgan Stanley says 26 stocks to benefit from the rejig

    Over the next few months, Morgan Stanley expects MSCI to rebalance MSCI India weights to reflect this change.

  • Ridham Desai says PSU bank recap with RBI reserves will charge up Nifty by several hundred points

    Ridham Desai says PSU bank recap with RBI reserves will charge up Nifty by several hundred points

    According to Desai, there is no much scope for the government to increase revenues as the economy is not doing well, "So, you need to kick-start the economy. I think the government need to focus on that rather than on the social sector for now."

  • Morgan Stanley sees Sensex rising 20% in 2019; bets on these 8 growth stocks

    Morgan Stanley sees Sensex rising 20% in 2019; bets on these 8 growth stocks

    Ridham Desai & Sheela Rathi expect FPI flows to improve in 2019 after they turned net sellers in 2018

  • Morgan Stanley’s Ridham Desai expects Sensex & Nifty earnings to triple in next 5 years

    Morgan Stanley’s Ridham Desai expects Sensex & Nifty earnings to triple in next 5 years

    According to Desai, compounded Nifty earnings will be around 20 percent in the next 5 years.

  • Pace of returns likely to remain low unless earnings growth picks up: Morgan Stanley

    Pace of returns likely to remain low unless earnings growth picks up: Morgan Stanley

    What the past three bull markets teach us is that valuations are still not at levels that signal an end to the bull market.

  • Expect earnings revision breadth to improve in next few months: Morgan Stanley

    Expect earnings revision breadth to improve in next few months: Morgan Stanley

    According to the research house, Tata Steel, Dr Reddy's Labs and Tata Motors will likely see the fastest net profit growth, while Bharti Airtel, Sun Pharma and Lupin should be the laggards.

  • Big bet on India! Morgan Stanley sees Nifty hitting mount 30000 in next 5 years

    Big bet on India! Morgan Stanley sees Nifty hitting mount 30000 in next 5 years

    Many factors will contribute to push profit share to GDP which includes a recovery in consumption, real wages are turning, exports are picking up, and government infrastructure is at an all-time high.

  • MSCI Rejig: Petronet, REC, IOC, Federal Bank may be included in India Index

    MSCI Rejig: Petronet, REC, IOC, Federal Bank may be included in India Index

    Divi’s & Container Corp may be removed from MSCI India Index

  • Market could be heading for best year since 2009: Morgan Stanley

    Market could be heading for best year since 2009: Morgan Stanley

    Indian equity benchmarks rallied 9 percent since the start of the year 2017, backed by domestic fund flows and stable Q3 earnings & better-than-expected GDP despite demonetisation.

  • How to be as rich as Rakesh Jhunjhunwala? Here's Ridham's answer

    How to be as rich as Rakesh Jhunjhunwala? Here's Ridham's answer

    Speaking at a panel discussion during the Mission Prosperity launch event, Ridham Desai, Head of India Equity Research and India Equity Strategist at Morgan Stanley, said that if you are willing to give up your monthly salary, then mutual funds can make you as wealthy as Rakesh Jhunjhunwala.

  • Sensex may hit 39,000 in a 'bull case' scenario: Morgan Stanley

    Sensex may hit 39,000 in a 'bull case' scenario: Morgan Stanley

    Global brokerage firm Morgan Stanley on Thursday said it expects the Sensex to touch the 39,000-mark in a 'bull case' scenario by this December.

  • IT looks inexpensive; underweight on telecom: Morgan Stanley

    IT looks inexpensive; underweight on telecom: Morgan Stanley

    Ridham Desai of Morgan Stanley is overweight on consumer discretionary, financials, and technology and underweight on consumer staples, energy, materials and telecom.

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