Buy, Sell or Hold: Nuvama maintains a Hold on Indigo; Morgan Stanley recommends overweight on Aditya Birla Capital
SOURCE:The Economic Times
Brokerage firms remain selective on Indian equities. Nuvama maintains a Hold on IndiGo amid operational risks, while Morgan Stanley stays bullish on Aditya Birla Capital. Elara Securities highlights improving power demand with CESC, NLC India and NTPC as top picks.
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Brokerages flag selective opportunities as Nuvama stays cautious on IndiGo, Morgan Stanley backs Aditya Birla Capital, and Elara Securities turns bullish on power stocks.
Synopsis
Brokerage firms remain selective on Indian equities. Nuvama maintains a Hold on IndiGo amid operational risks, while Morgan Stanley stays bullish on Aditya Birla Capital. Elara Securities highlights improving power demand with CESC, NLC India and NTPC as top picks.
Brokerage houses remain selectively constructive on Indian equities, while flagging near-term challenges and pockets of opportunity across sectors.Nuvama has adopted a cautious stance on InterGlobe Aviation, highlighting operational and regulatory headwinds that could weigh on earnings and valuations in the near term.In contrast, Morgan Stanley sees scope for further upside in Aditya Birla Capital, driven by accelerating loan growth, improving
