Morgan Stanley stake and a 75% upside call: Why this newly listed stock is drawing attention

Morgan Stanley stake and a 75% upside call: Why this newly listed stock is drawing attention

Pace Digitek, a recently listed renewable and telecom infrastructure company, is in the spotlight after global investment giant Morgan Stanley picked up nearly 12 lakh shares in the open market. The move has boosted investor sentiment in a counter that debuted modestly on the bourses — listing at around a 4% premium to its issue … Read more

Morgan Stanley, Citigroup invest in Epack Prefab Technologies’ anchor round; co raises Rs 151 crore ahead of IPO

Morgan Stanley, Citigroup invest in Epack Prefab Technologies’ anchor round; co raises Rs 151 crore ahead of IPO

Epack Prefab Technologies has raised Rs 151 crore from anchor investors ahead of its Rs 504-crore IPO, which opens for subscription on September 24. The company has finalised the allocation of 74.11 lakh shares at Rs 204 per share to a clutch of marquee investors. Anchor investor participation The issue witnessed strong demand from both … Read more

Adani Power share price target at Rs 818: 3 reasons the stock is up 9%

Adani Power share price target at Rs 818: 3 reasons the stock is up 9%

Shares of Adani Power surged up to 9% to a day’s high of Rs 687 on NSE on Friday, September 19, as fresh catalysts reignited investor enthusiasm. Here are three key reasons why experts believe the stock could rally nearly 30% from current levels. Morgan Stanley’s overweight rating – Analysts describe Adani Power as India’s … Read more

Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%

Morgan Stanley initiates coverage on CG Power, sets Rs 799 target; stock jumps 4%

Global brokerage Morgan Stanley initiated coverage on CG Power and Industrial Solutions, a multibagger that has delivered 3,252.67% returns in the past five years, with an ‘Overweight’ rating and a target price of Rs 799. Following this, the stock advanced 4.3% to an intraday high of Rs 724 on the BSE on Monday. Morgan Stanley … Read more

Time to hold your horses; stick to safe large-caps and avoid hyped sectors: Anurag Singh

Time to hold your horses; stick to safe large-caps and avoid hyped sectors: Anurag Singh

“The recent bill has already reduced taxes, and more deregulation is expected from the government. On top of that, the Federal Reserve now seems more open to rate cuts, which further strengthens the economic foundation. So overall, it’s a very positive environment for both the economy and the markets,” says Anurag Singh, Managing Partner, Ansid … Read more

Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%

Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%

Driven by a “higher-for-longer” upcycle in the luxury hospitality segment, global brokerage firm Morgan Stanley initiated coverage on Schloss Bangalore, the company that owns and operates luxury hotels under the ‘The Leela’ brand, with an ‘Overweight’ rating and a target price of Rs 549. The target implies an upside potential of 35% from the stock’s … Read more

How is India benefiting from supply chain diversification away from China? Morgan Stanley’s Chetan Ahya explains

How is India benefiting from supply chain diversification away from China? Morgan Stanley’s Chetan Ahya explains

Chetan Ahya, Chief Asia Economist, Morgan Stanley, says India is gaining advantage due to tariff differences with China. American companies are considering increased imports from India. Government policies are boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India’s manufacturing exports. Optimism in Indian equity markets aligns with … Read more

Banks Sell $4.7 Billion of X’s Debt, in a Sign of Investor Demand

Banks Sell .7 Billion of X’s Debt, in a Sign of Investor Demand

When Elon Musk bought X for $44 billion in 2022, more than a quarter of that was financed by loans from banks including Morgan Stanley. Banks normally quickly sell off such loans, but in this case they kept much of that debt because investors were reluctant to bet on the social media company’s floundering business. … Read more