MORGAN STANLEY UPGRADES INDIAN EQUITIES

Brokerage firm Morgan Stanley upgraded Indian equities to ‘equalweight’ from ‘underweight’ previously. India, as the co. states, traded at price to book value multipleof 2.1x, closer to valuations in 2002 and 2008. Indian markets have also priced the impact of the crisis in the eurozone. (Moneycontrol)



Categories: General News

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