Morgan Stanley has initiated coverage on Adani Enterprises with an Overweight rating and a target price of Rs 3,638, implying a 23% upside. The brokerage sees AEL as the best-placed Adani Group company to benefit from India’s infrastructure and capex boom, citing its strong presence in airports, roads, data centres and new energy.
Morgan Stanley has initiated coverage on Adani Enterprises with an 'Overweight' rating, setting a target price of Rs 3,638, indicating a potential 23% upside. The brokerage firm believes AEL is exceptionally well-positioned to capitalize on India's burgeoning infrastructure and…
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