Rate cuts in India are now off the table: Morgan Stanley
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley
The stock hit an intraday high of ₹423.65, taking the company's market cap to over ₹35,000 crore.
Last week, ICRA and CARE upgraded PNB Housing Finance's long-term ratings, citing its improved asset quality metrics as well as strengthened capitalisation profile.
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
India's economic rise in the last 10 years despite "unprecedented obstacles" like pandemic and geopolitical disturbances is manifested in GDP trajectory, says White Paper
India's GDP grew 7.6% YoY in Q2, higher than the RBI’s forecast of 6.5%
The prediction assumes continuity in a government with a majority mandate.
Uttar Pradesh and Maharashtra are likely to be crucial to the election outcome, notes Morgan Stanley.
India's future looks to a significant extent like China's past, says Morgan Stanley.
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.