Morgan Stanley (NYSE:MS) on Monday sliced its growth estimation for India to 5.1% from 5.8% for the present fiscal year till March 2013, and cautioned that there is a huge risk of an even deeper growth hedging if the government is unable to get its act together and take measures to revive investments.
Morgan Stanley hedged the estimation for the coming FY to 6.1% from 6.6%.
Morgan Stanley (MS) is not the only one to decline India’s growth estimation. Lately, local ratings companies Crisil and CLSA lowered their estimations on India’s growth to 5.5%. Citibank (NYSE:C), too, has lowered the growth guidance to 5.4%.
Its competitors include Goldman Sachs Group, Inc. (NYSE:GS) that surged 0.95% to $105.72 with the total traded volume of 3.27 million shares.
Other financial stocks with bullish trend include Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) up 5.02% to $7.53, Banco Santander, S.A. (ADR) (NYSE:SAN) up 4.76% to $7.04 and Credit Suisse Group AG (ADR) (NYSE:CS) up 3.72% to $19.26, whereas with bearish trend include Radian Group Inc. (NYSE:RDN) down -4.27% to $3.36, Old Republic International Corporation (NYSE:ORI) down -2.38% to $8.63 and The Blackstone Group L.P. (NYSE:BX) down -1.82% to $13.49.
Morgan Stanley (NYSE:MS) stock’s trade at beginning with a price of $15.04 and throughout the trading session climbed at a high of $15.25 other than when day-trade ended the stock finally advanced 0.67% to $15.00.
Shares price of MS moved up from its 20 days moving average with +2.92% and remote positively from 50 days moving average with +6.77%. MS current year earnings per share experienced a decline with -48.50% while its current quarter performance remained 21.85%.
MS had a trade volume of 25.76 million shares was lesser as compared to average trading capacity of 18.67 million shares.
MS last month stock price volatility remained 2.64%. In its share capital MS has 1.98 Billion outstanding shares among them 1.55 Billion shares have been floated in market exchange. MS stock institutional ownership remained 60.43% while insider ownership included 0.14%.
The stock is ahead its 52 week low with 31.12% and lagging behind from its 52 week high price with -28.74%. Company’s beta coefficient included 1.60. Beta factors measures the amount of market risk associated with market trade.
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