GK and monthly revision

The Adani stock Morgan Stanley thinks could benefit most from India’s infrastructure push

Morgan Stanley has initiated coverage on Adani Enterprises (AEL) with an Overweight rating and a target price of Rs 3,638, indicating a potential upside of 23%. This recommendation highlights AEL's strategic positioning to capitalize on India's infrastructure and capital expenditure boom, particularly in sectors like airports, roads, data centers, and new energy. The report underscores the significance of AEL in driving economic growth through infrastructure development.