Search+Investment IdeasSynopsisBrokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweight' rating, citing improving aluminium fundamentals and Novelis recovery. Conversely, Emkay Global downgraded Hitachi Energy India to 'Reduce' due to stretched valuations, despite strong execution. Morgan Stanley also flagged potential near-term volatility for Coal India following a government stake sale announcement.Brokerage action remained mixed across the metals, mining and power equipment space, with analysts balancing strong long-term growth prospects against valuation concerns and near-term market overhangs.While Morgan Stanley initiated coverage on Hindalco with an optimistic outlook driven by improving aluminium fundamentals and expectations of a recovery in Novelis, Emkay Global turned cautious on Hitachi Energy India despite its strong execution BYETMarkets.com 5 mins readMay 27, 2026, 09:19:00 AM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership