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REAL-TIME GLOBAL RESEARCH

Valuation Tracker: July 2026 at a Glance

Published: 2026-08-03Institution: Morgan StanleyPages: 57Original language: EnglishEvidence page: 1

Research evidence excerpt

Valuation Tracker: July 2026 at a Glance

Foundation

August 3, 2026 02:17 AM GMT

Morgan Stanley India Company Private Limited+MIndia Financials | Asia Pacific Subramanian Iyer

Equity Analyst

Valuation Tracker: July 2026 at Subramanian.Iyer@morganstanley.comKushan Parikh, CFA +91 22 6118-2234

Kushan.Parikh@morganstanley.com +91 22 6118-1082

a Glance Meera Midha

Research Associate

Meera.Midha@morganstanley.com +91 22 6118-1232

In this report, we cover valuation and performance indicators for Lavish Porwal

July 2026, consensus earnings estimates, and a summary of ResearchLavish.Porwal@morganstanley.comAssociate +91 22 6118-1197

forecast metrics. In July, Bankex (0%) underperformed the Sakshi V Chaplot

Sensex (2%), while the performance relative to Sensex was ResearchSakshi.Chaplot@morganstanley.comAssociate +91 22 6118-2228

mixed across our broader coverage universe.

Related research:

Bajaj Finance: 1QF27: In a strong phase – raising forecasts; OW (30 Jul 2026)

Shriram Finance: Moving in the Right Direction (27 Jul 2026) India Financials

Asia Pacific

AU Small Finance Bank: 1QFY27 – All-around beat; stay OW (26 Jul 2026) Industry View Attractive

SBI Life Insurance: 1QF27: Continued execution. The calm amid the noise. OW. (24 Jul

2026)

India Financials: 1QF27 - Large Private Banks: ICICI Continues to Stand Out (20 Jul

India Financials: F1Q27 Preview: Good for Lenders (8 Jul 2026)

Investor Presentation: Asia Summer School: India Financials (15 Jul 2026)

Investor Presentation: Asia Summer School: India Non-Bank Financials (Lenders) (10

Jul 2026)

India Financials: AHFCs: Secular, Secured, Small-cap Compounders (10 Jul 2026)

India Financials: Unsecured Personal Loan Growth Improved to ~12% YoY in F4Q26

(25 May 2026)

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