Markets◆ Mixed
Morgan Stanley, JPMorgan Initiate Coverage On NSE Shares With Overweight Ratings; See Up To 30% Upside
Morgan Stanley and JPMorgan start coverage of stocks including a list of stocks.
· NDTV Profit
Both brokerages believe NSE is well-positioned to benefit from the growing financialisation of household savings and increasing retail participation in equities.
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 and JPMorgan, starting coverage of the stocks named.
- The “Up To 30% upside” is the brokerages’ own estimate: the gap between the share price when the note was written and their target price, usually set a year out. It is a forecast by the brokerage, not a move that has happened.