transforming nse, page-56

I think you will find the research paper is done by morgans (Aus), not Morgan Stanley
The buy side is building and sp is appreciating , suggesting investors are not being sucked in , but have taken the time to digest the measured release of information and are investing on basis of making a return.
Think about what will happen if this deal Doesn't transpire...back to 10c, 8c ...or even worse...and still in no better place than we are today...