Leading brokerages CLSA and Morgan Stanley have initiated coverage on Vedanta Aluminium and Adani Enterprises, respectively, signaling significant upside potential. CLSA sees a 16% gain for Vedanta, citing a strong aluminium upcycle and undervalued stock. Morgan Stanley anticipates an 18.5% rise for Adani Enterprises, highlighting its entry into a major earnings monetization phase driven by multiple large-scale projects.
VA Tech Wabag shares jump 3% after securing repeat order from RIL for ETP project
VA Tech Wabag shares rose nearly 3% after securing a medium-sized repeat order from Reliance Industries to design and commission an advanced Effluent Treatment Plant