Morgan Stanley has made key changes to its Focus List, adding Coforge and InterGlobe Aviation, while removing Infosys and Mahindra & Mahindra (M&M) to accommodate the new additions. The brokerage’s latest strategy underscores a preference for large private sector financials, consumer, industrial, and IT services stocks.
The inclusion of Coforge and InterGlobe Aviation signals Morgan Stanley’s confidence in the long-term growth potential of India’s IT services and aviation sectors, particularly as global IT demand stabilizes and air travel demand continues to rise. Conversely, the removal of Infosys and M&M suggests a rebalancing of sectoral exposure, possibly due to changing earnings growth expectations or valuation concerns.
Morgan Stanley’s broader recommendation remains focused on financials, consumer, and industrial stocks, which it sees as key beneficiaries of India’s economic expansion. The brokerage continues to see select IT services stocks as attractive, despite the removal of Infosys from its preferred list.
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