Tag Archives: Morgan Stanley

NEW DELHI: Shares of Eternal Ltd, the parent company of food delivery platform Zomato, surged nearly 6% on Thursday, extending its two-day rally to over 8%. The upward momentum followed Morgan Stanley reaffirming the company as its top sector pick. The brokerage firm kept its target price at Rs 320, suggesting a possible 33% upside from current levels. It also …

InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition to Gangwal, the Chinkerpoo Family …

The Sensex reaching 1 lakh within the next 12 months would require several conditions. (AI image) Morgan Stanley sees India’s BSE Sensexhitting 89,000 by June 2026 and views the recent decline in Indian stocks from their September 2024 peak as a buying opportunity. The new target for June 2026 is the global brokerage firm’s base case projection.The firm also suggests …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Wednesday was close to tumbling into bear market territory. Mr. Trump has seemed unmoved by the decline, signaling that he has no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in revenue and that other countries …

Macquariehas maintained its ‘outperform’ rating on Titan with a target price of Rs 4,000. Analysts said that the company in the Jan-March period reported healthy jewellery sales growth that was above estimates. The growth was led by double-digit growth in ticket size with single-digit buyer growth. They said Titan’s healthy growth in Q4 was encouraging and enhances confidence in their …

President Trump’s global tariffs have sent stock markets worldwide into a tailspin, and the S&P 500 on Monday entered bear market territory for the first time since 2022. Mr. Trump has seemed unmoved by the decline. He signaled on Monday that he had no plans to back off on tariffs, insisting that they would bring in “billions of dollars” in …

India is anticipated to regain its position relative to Emerging Markets in 2025, supported by several fundamental factors. (AI image) Indian equity benchmark indices, BSE Sensex and Nifty50, may have crashed from their September 2024 peaks, but the market still looks attractive in the long-term, says Morgan Stanley. In its latest report on ‘India Equity Strategy and Economics’, Morgan Stanley …

Top stocks to buy (AI image) Macquariehas initiated its coverage of Adani Ports & SEZ with an ‘outperform’ rating and a target price of Rs 1,500. According to analysts the company is well positioned to capitalise on India’s long-term growth potential due to its businesses’ thematic alignment with the nation’s development. Visibility of healthy recurring operating cash flows remains high, …

Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle in large cap IT services …