Significant Upside Potential Seen In Stocks Over 3-5 Years

New Delhi: Indian stocks have significant upside potential in the next 3-5 years and will probably outperform emerging markets given the country's 'superior macro environment', according to a report by Morgan Stanley Investment Management. Valuations are not yet stretched and demand for equities from domestic households is expected to increase, while potential M&A activity may also drive the index higher, it said.  "While the market...