MARKET EYE-Morgan Stanley adds Shriram Transport Finance to Asian banks model

Fri Dec 7, 2012 12:58pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Morgan Stanley adds Shriram Transport Finance Co to
its Asian banks model portfolio with 5 percent weight, while
maintaining 15 percent weight on HDFC Bank.
* The investment bank expects Asian banks to post "meager"
earnings growth in the next year. "This coupled with mild
economic recovery, will likely cause market to keep rewarding
stocks with strong EPS growth outlook.
* Morgan Stanley also lists Housing Development Finance Corp
, LIC Housing Finance, IndusInd Bank
, Yes Bank among other Indian lenders, while
maintaining underweight stance on India's government owned
banks.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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