MARKET EYE-Indian state-run stocks due for re-rating - MStanley

Tue Jan 8, 2013 5:26pm IST

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* Shares of Indian state-run companies are due for a re-rating,
Morgan Stanley said in a short note on Tuesday.
* The investment bank says these public sector stocks are
trading at multi-year low valuations against the MSCI India
index and would also benefit from an expected shift to cyclicals
over defensives in coming months.
* Morgan Stanley adds the government's proposal to create an ETF
for public sector stocks would also be a positive.

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