Stock Sentiment Post Morgan Stanley raise stake in Bharat Finance

On Dec 23rd Morgan Stanley Asia (Singapore) & Morgan Stanley Mauritius raised stake in the company by 1.10 percentage points via open market transactions. Now the combined holding of Morgan Stanley Asia (Singapore) & Morgan Stanley Mauritius stands at 7.86% which is increased from 6.76%

Bharat Fin – 15min Charts

Sentiment turned extremely positive on this counter post the announcement on 27th Dec 2016. Since yesterday’s gapup open, stock had gained around 11%. It is to be noted that post demonetization the stock had falled to 8 month low and in the last three days of rally of 28.6%

As per the Economic Times, Morgan Stanley has Overweight call on Bharat Financial Inclusion Ltd. with a target price of Rs 1125

Bharat Fin – Daily Charts

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