Search+Investment IdeasMorgan Stanley stays positive on Reliance Industries, cautious on Oil IndiaSynopsisBrokerages remain selective on India's energy sector, favouring companies with strong growth drivers and attractive valuations. Morgan Stanley continues to back Reliance Industries as a top pick, while maintaining an underweight stance on Oil India. Motilal Oswal remains bullish on Mahanagar Gas, citing robust demand and volume growth prospects.Brokerages remain selective in their outlook on India's energy sector, with optimism centred on companies benefiting from structural growth drivers and attractive valuations, while caution persists around businesses facing earnings headwinds and policy-related risks.Morgan Stanley has reiterated its bullish stance on Reliance Industries, citing long-term value creation across its energy transition and chemicals businesses, while Motilal Oswal BYETMarkets.com 5 mins readJun 15, 2026, 10:04:00 AM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership