Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries
Global investment bank Morgan Stanley has maintained a cautiously selective outlook on the Indian chemical sector, noting continued market constraints. The firm identified pricing constraints and weak demand as the main obstacles affecting the sector’s short-term growth. Morgan Stanley lowered its target price from Rs 3,295 to Rs 3,000, reflecting weaker expectations amid sector-wide headwinds, […]