Morgan Stanley has retained its stance on Indian equity markets given relatively strong domestic demand, but has cut its active position on China overweight as its initial recovery momentum waned in April and May. Morgan Stanley said the US dollar’s strength is delaying the timeline for overall earnings recovery for MSCI China.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.