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 -7.9% · 3M -7.5%
Capital Markets
1M +4.8% · 3M +1.4%
Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
When Stocks Dampen Festive Cheer, Can Bonds Keep the Celebrations Going?
Capital Markets index soars 4%; MOFSL, Groww, 360 ONE, BSE zoom up to 7%
Sitaram Denims India files IPO papers with Sebi
Fairfax India raises stake in IIFL Capital to 38% with ₹2,000 cr investment
Barclays to invest ₹1,500 crore in India, boost banking businesses