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
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
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
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
“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
Shares of power financing PSUs REC Ltd and Power Finance Corporation (PFC) climbed up to 3% on Thursday after Morgan Stanley initiated coverage on the two stocks with an ‘overweight’ rating, citing attractive valuations, robust loan growth, and stable asset quality. The global brokerage has set a price target of Rs 485 for REC and … Read more
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
Shares of Grasim Industries climbed as much as 4.4% on Tuesday to Rs 2,723.50 on the BSE after Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal-weight’ and raised its target price to Rs 3,500 from Rs 2,975. The brokerage also named the Aditya Birla Group company a “top pick in coverage”, citing “multiple opportunities … Read more
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
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