​Trent, Adani Power among 10 stocks Morgan Stanley is overweight on. Do you own any?

Global brokerage Morgan Stanley believes Indian equities are on the cusp of a fresh bull run, following one of their weakest phases of relative performance in decades. The firm expects the Sensex to rally to 95,000 by December 2026, implying an upside of about 22% from the April 8 close of 77,563. Morgan Stanley’s base-case target values the index at 23.5 times trailing earnings, slightly above its 25-year average of 22 times. Here are 15 stocks where the brokerage maintains an Overweight stance.

Morgan Stanley has an Overweight rating on Maruti Suzuki India in the automobile sector. The stock has gained 11% over the past 12 months, outperforming the MSCI India index by 8%.

Trent is rated Overweight in the consumer discretionary space. The stock has declined 31% over the past year, underperforming the MSCI India index by 32%.

Morgan Stanley maintains an Overweight stance on Lenskart Solutions, also in the consumer discretionary sector. The eyewear company’s stock price has risen 28% in the last 1 year and about 17% on a YTD basis.

Varun Beverages carries an Overweight rating in the consumer staples space. The Varun Beverages share price has declined 25% over the last 12 months, underperforming the MSCI India index by 27%.

Bajaj Finance is rated Overweight in the financial sector. The stock is down 2% over the past year, underperforming the MSCI India index by 4%.

ICICI Bank, one of India’s leading private lenders, holds an Overweight rating in the financials space. The stock has declined 8% over the past 12 months, underperforming the MSCI India index by 10%.

India’s largest construction company is rated Overweight in the industrials sector. The stock has gained 14% over the past year, outperforming the MSCI India index by 12%.

UltraTech Cement carries an Overweight rating in the materials sector. The stock has declined 5% over the past 12 months, underperforming the MSCI India index by 7%.

The real estate major has been rated Overweight by the international brokerage. The stock has gained 5% over the past year, outperforming the MSCI India index by 3%.

Adani Power is rated Overweight in the utilities sector. The stock has surged 53% over the past 12 months, outperforming the MSCI India index by 50%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)