Indian Markets - Morgan Stanley - 28.05.2021
INDIA FOCUS
* Adding DMart, Shriram Transport, Havells, Axis Bank & Indigo
* Remove Just Dial, Britannia, Indusind, Bharat Electronics & MMFS
* Changes To Our Focus List Reflect What We Characterize As A Stock Picker's Market
* See Modest Headline Index Retums But Significant Churn Underneath
* Large Part Also Fit Our Theme Of Buying Stocks Of Companies That Are Sensitive
• Prefer Domestic Cyclicals > Rate Sensitives > Global Cyclicals > Defensives Exporters
Indian Markets - Morgan Stanley - 28.05.2021
