Morgan Stanley is optimistic about the Indian stock market, giving the BSE sensitive index a benchmark target of 89,000 points until June 2027, with 16% upside compared to the current level. The agency believes that India is in an “upward cycle of growth that continues for multiple quarters,” and stock market valuations have yet to fully reflect this positive trend. Reedham Desai and Nayant Pach, Indian stock strategists at Morgan Stanley, said that the rolling price-earnings ratio corresponding to 89,000 points is 23.5 times, which is higher than the 25-year average of 22 times. The agency gave this benchmark scenario a 50% probability of occurrence.
Zhitongcaijing · 2d ago
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Morgan Stanley is optimistic about the Indian stock market, giving the BSE sensitive index a benchmark target of 89,000 points until June 2027, with 16% upside compared to the current level. The agency believes that India is in an “upward cycle of growth that continues for multiple quarters,” and stock market valuations have yet to fully reflect this positive trend. Reedham Desai and Nayant Pach, Indian stock strategists at Morgan Stanley, said that the rolling price-earnings ratio corresponding to 89,000 points is 23.5 times, which is higher than the 25-year average of 22 times. The agency gave this benchmark scenario a 50% probability of occurrence.
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