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Morgan Stanley adds more energy to India model portfolio

Cuts 1% each from consumer staples and discretionary stocks

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Reuters Mumbai
Last Updated : Feb 01 2013 | 3:34 PM IST

Morgan Stanley raises weightage of energy stocks in its India model portfolio to 3%, while cutting 1% each from consumer staples and discretionary stocks.

"Energy appears to be on a path of structural change whereas consumer staples face cyclical headwinds from fiscal consolidation," says Morgan Stanley in a report.

The bank also adds Bank of Baroda, Crompton Greaves and Oil and Natural Gas Corp to its focus list, while removing ACC Ltd, Jubiliant Foodworks and Cox & Kings, reflecting changes in its analyst opinion.

In its mid-cap list, Morgan Stanley replaces Marico Ltd with Dabur India.

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First Published: Feb 01 2013 | 3:34 PM IST

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