Buy, Sell or Hold: Nuvama maintains a Hold on Indigo; Morgan Stanley recommends overweight on Aditya Birla Capital

January 8, 2026

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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