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.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings