Morgan Stanley raised weightage of energy stocks in its India model portfolio to 3 percent, while cutting 1 percent each from consumer staples and discretionary stocks.
In its mid-cap list, Morgan Stanley replaces Marico with Dabur India .Reuters
“Energy appears to be on a path of structural change whereas consumer staples face cyclical headwinds from fiscal consolidation,” said Morgan Stanley in a report.
The bank also added Bank of Baroda , Crompton Greaves and Oil and Natural Gas Corp to its focus list, while removing ACC, Jubiliant Foodworks and Cox & Kings , reflecting changes in its analyst opinion.
In its mid-cap list, Morgan Stanley replaced Marico with Dabur India .
Reuters
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