Morgan Stanley adds RIL, Varun Beverages to its focus list. Here’s why these 2 largecaps made the cut

November 1, 2025

Morgan Stanley has updated its India Equity Strategy focus list. Reliance Industries and Varun Beverages are now included. Interglobe Aviation and Jubilant Foodworks have been removed. The firm favors large private sector companies in Financials, Consumer, and Industrial sectors. Reliance Industries’ AI and green energy initiatives are highlighted. Varun Beverages’ growth potential is also noted.

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