Morgan Stanley downgraded shares with Equal Weight by 7%
Morgan Stanley downgraded shares with Equal Weight
Mumbai, Ta. September 25, 2019, Wednesday
Shares of PSU Giant State Bank of India were downgraded from Morgan Stanley to Equal Weight by downgrading them from overweight to Rs. The stock was down 5%, or Rs 1.8, to Rs.
Foreign broking giant Morgan Stanley has today downgraded shares of the country's largest bank by virtue of its asset quality and uncertainty over its net interest margin, with limited space to grow. Of course, Morgan Stanley increased its earnings per share-earnings estimates for the State Bank of India by 5%.
State Bank of India has approached Sebi to make an exception for mutual funds in the Rules on Asset Segregation as part of a solution-resolution plan for mutual funds for Dewan Housing Finance.
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