Monday saw Mike Wilson, the Chief Investment Officer of Morgan Stanley, highlighting a series of potential threats to consumer-oriented stocks. Factors such as dwindling consumer spending and the recommencement of student loan repayments were among the risks identified. In light of these concerns, Wilson's team is advising investors to exercise caution with stocks that have displayed strong performance during the early stages of the market cycle.
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Morgan Stanley, a leading investment bank, has made a significant divestment from SAMHI Hotels, an Indian hotel operator based in Gurugram. The extent of the divestment is yet to be confirmed, but exchange data shows that various Morgan Stanley funds sold a combined total of 64.6 lakh shares on Friday.