Search+Business News›Markets›Stocks›News›Buy, Sell or Hold: Morgan Stanley raises target price on NYKAA; Elara Capital maintains buy on Devyani InternationalInvestment IdeasNykaa shines as brokerages flag mounting concerns in Indian IT sector.SynopsisBrokerage views on Indian equities are mixed as Morgan Stanley raises Nykaa's target price on ambitious FY30 growth plans. Conversely, concerns arise for the Indian IT sector following Accenture's weaker-than-expected results and cautious guidance. Elara Capital maintains a positive stance on Devyani International and Sapphire Foods, deeming Yum! Brands' Pizza Hut divestment unlikely to significantly impact Indian franchisees.Brokerage views on Indian equities remained mixed on Friday, with Morgan Stanley raising its target price on Nykaa after the company outlined an ambitious FY30 growth roadmap, while also flagging fresh concerns over the outlook for the Indian IT sector following Accenture’s weaker-than-expected results and cautious guidance.Meanwhile, Elara Capital maintained a positive stance on Devyani International and Sapphire Foods, saying Yum! Brands’ BYETMarkets.com 5 mins readJun 19, 2026, 09:16:00 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