Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries

Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries

ByKaushiki

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,…

Suzlon hits 5% upper circuit as Morgan Stanley upgrades stock to 'overweight'

Suzlon hits 5% upper circuit as Morgan Stanley upgrades stock to ‘overweight’

ByKaushiki

After receiving an upgrade from Morgan Stanley, Suzlon Energy’s shares jumped 5% to reach the upper circuit at Rs 62.37 on Tuesday. The international brokerage changed the stock’s rating from “Equal-weight” to “Overweight,” indicating a chance to purchase following the recent downturn. Previously set at Rs 78, the goal price was lowered to Rs 71….