Only 3.2% of working Indians trade stocks. Why Morgan Stanley likes NSE
Morgan Stanley start coverage of stocks including a list of stocks.
· Economic Times Markets, ET Stocks
Morgan Stanley has initiated coverage of NSE with an overweight rating and a price target of Rs 2,315, citing its dominant market share, strong liquidity and India’s underpenetrated capital markets. The brokerage expects revenue and normalised profit to grow at 15% annually between FY27 and FY29.
Key facts
- Period
- FY27 and FY29
The analysis
Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Why it matters
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Brokerage calls from Morgan Stanley, starting coverage of the stocks named.
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -8.8% · 3M -4.8%
Capital Markets
1M -0.1% · 3M -5.1%
Sector moves are the average of the stocks we track in each sector.
In this story
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