Buy, Sell or Hold: Morgan Stanley raises target price on NYKAA; Elara Capital maintains buy on Devyani International

Brokerage 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.

Raccontata daeconomictimes.indiatimes.com