Indian stocks enjoy a rare combination, makes a case for re-rating: Morgan Stanley’s Ridham Desai

Indian equities are entering what Morgan Stanley’s Ridham Desai calls a “rare combination” phase that, in his view, strengthens the case for a valuation re-rating of domestic stocks. Indian stocks, Desai argues in a strategy report, now offer an unusual mix of “inexpensive relative valuations, poor trailing performance, strong policy stimulus and a consequent growth […]