Wall Street rushes in with bullish calls on India’s top bourse
Morgan Stanley and JPMorgan rate stocks including a list of stocks.
· ET Stocks, Economic Times Markets
Wall Street brokerages are turning bullish on NSE, citing its dominant market position and India’s expanding capital markets. Morgan Stanley, JPMorgan and 360 ONE recommend buying the stock, projecting up to 30% upside. Rising investor participation, trading activity and new businesses could drive long-term revenue and earnings growth.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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, with ratings on 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.
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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