Morgan Stanley has a Sensex target of 93000 by December 2025 which is an 18% upside potential

Excerpts from the report
🇮🇳India is Still the Market to Beat
🇮🇳 Strong macro stability as a result of improving terms of trade and flexible inflation targeting is a positive
🇮🇳Robust domestic growth, no recession in the US and benign oil prices are part of assumptions.
🇮🇳 Hard to argue against India's investment case
🇮🇳 Expect India to be among the best performing EMs in 2025
🇮🇳 Expect earnings growth of about 18-20% annually over the next 4 to 5 years
🇮🇳 Overweight on Financials, Consumer Discretionary, Industrials & Technology

Morgan stanleys India focus list includes
➡️Maruti Suzuki
➡️Trent
➡️Reliance Industries
➡️Brainbees Solutions
➡️ICICI bank
➡️SBI life insurance
➡️Hindustan aeronautics
➡️Larsen and Toubro
➡️Infosys
➡️Ultratech cement

Report Dated: 3rd Jan 2025