Brokerages 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.

Morgan Stanley maintains a constructive outlook on select Indian largecap stocks in defence, energy, and fintech, citing strong growth prospects. The brokerage reiterates bullish…

Brokerages show mixed views on metals, mining, and power equipment stocks. Morgan Stanley initiated coverage on Hindalco with an 'Overweight' rating, citing improving aluminium…

Morgan Stanley initiated coverage on Hindalco Industries with an ‘Overweight rating and a target price of Rs 1,325, citing a favourable aluminium demand-supply outlook, strong…

Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in China, the world's top producer, are…