Morgan Stanley adds more energy stocks to India model portfolio

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.

[caption id=“attachment_610234” align=“alignleft” width=“380”] In its mid-cap list, Morgan Stanley replaces Marico with Dabur India .Reuters[/caption]

“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